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NanoString Technologies Inc (NASDAQ:NSTG) shares are trading higher by 124.3% to $0.26 Friday afternoon after the company announced it secured a credit agreement with its existing lenders, consisting of $12.5 million in new term loans already approved for funding and an additional $35 million to be funded upon court approval.
This totals $47.5 million, an increase from the initial commitment of $40 million. The financing aims to support the company through its restructuring process and sustain its ongoing operations, including product sales and development.
Meanwhile, NanoString’s CEO expressed gratitude to stakeholders and affirmed the company’s commitment to serving customers and the scientific community while exploring strategic options for long-term continuity.
See Also: Expedia Stock Tanks After Q4 Earnings, CEO Departure
An investor can make a few decisions when deciding whether a stock is a good buy. In addition to valuation metrics and price action which you can find on Benzinga's quote pages – like NanoString Technologies‘s page for example – there are factors like whether or not a company pays a dividend or buys a large portion of its stock each quarter.
These are known as capital allocation programs. NanoString Technologies (NASDAQ:NSTG) does not pay a dividend, but obviously has a few ways it can return value to shareholders. Feel free to search Benzinga's dividend calendar for the next company that is due to pay a dividend and determine what kind of yield you can earn for holding a share of the company.
According to data from Benzinga Pro, NSTG has a 52-week high of $11.78 and a 52-week low of $0.05.
Posted In: NSTG
