Other equities analysts have also recently issued reports about the company. BidaskClub cut Meridian Bioscience from a strong-buy rating to a buy rating in a report on Saturday, December 15th. Zacks Investment Research cut Meridian Bioscience from a buy rating to a hold rating and set a $19.00 target price on the stock. in a report on Saturday, January 19th. Robert W. Baird decreased their target price on Meridian Bioscience from $17.00 to $14.00 and set a neutral rating on the stock in a report on Wednesday, April 3rd. Finally, Canaccord Genuity cut Meridian Bioscience from a hold rating to a sell rating and decreased their target price for the stock from $17.00 to $11.00 in a report on Wednesday, April 3rd. Four analysts have rated the stock with a sell rating and two have given a hold rating to the company. The company currently has an average rating of Sell and an average price target of $14.75.
Shares of NASDAQ VIVO opened at $12.86 on Friday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 4.72 and a current ratio of 6.75. The firm has a market capitalization of $554.06 million, a P/E ratio of 17.38 and a beta of 0.49. Meridian Bioscience has a 52-week low of $12.70 and a 52-week high of $19.84.
Several hedge funds and other institutional investors have recently modified their holdings of VIVO. Financial Gravity Companies Inc. acquired a new stake in shares of Meridian Bioscience in the fourth quarter worth $40,000. LS Investment Advisors LLC boosted its position in shares of Meridian Bioscience by 158.3% in the fourth quarter. LS Investment Advisors LLC now owns 3,719 shares of the company’s stock worth $65,000 after buying an additional 2,279 shares during the period. Advisors Preferred LLC acquired a new stake in shares of Meridian Bioscience in the fourth quarter worth $106,000. Captrust Financial Advisors acquired a new stake in shares of Meridian Bioscience in the third quarter worth $134,000. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new stake in shares of Meridian Bioscience in the third quarter worth $151,000. Institutional investors and hedge funds own 93.06% of the company’s stock.
About Meridian Bioscience
Meridian Bioscience, Inc, a life science company, develops, manufactures, distributes, and sells diagnostic test kits primarily for various gastrointestinal and respiratory infectious diseases, and elevated blood lead levels worldwide. The company operates through Diagnostics and Life Science segments.
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