Quanterix Corporation (QTRX) is experiencing downward pressure in after-hours trading following the announcement of a securities class action investigation by Rosen Law Firm. The investigation is probing potential securities claims on behalf of shareholders, stemming from allegations that Quanterix may have issued materially misleading business information. This development has raised concerns among investors about the company's transparency and potential legal liabilities.
The announcement of the investigation comes at a time when Quanterix is already facing challenges, including a reported net loss of $9.473 million in Q2 2024, despite a 10.8% revenue growth. The combination of financial losses and legal scrutiny is likely contributing to the negative sentiment surrounding the stock.
Quanterix shares are down 0.1% in after-hours trading, with the current price at $10.53, compared to the close price of $10.52 on December 24, 2024.