BioLife Solutions, Inc. (BLFS) Hits New 52-Week High at $3.98
BioLife Solutions, Inc. (NASDAQ:BLFS)’s share price reached a new 52-week high during trading on Tuesday . The stock traded as high as $3.98 and last traded at $4.00, with a volume of 345,575 shares changing hands. The stock had previously closed at $3.80.
Several equities analysts recently commented on BLFS shares. Janney Montgomery Scott upgraded BioLife Solutions from a “neutral” rating to a “buy” rating and upped their target price for the company from $2.62 to $5.00 in a research note on Wednesday, July 5th. Maxim Group reiterated a “buy” rating and issued a $4.00 target price on shares of BioLife Solutions in a research note on Wednesday, June 14th.
The firm’s market capitalization is $53.06 million. The company’s 50-day moving average is $3.22 and its 200-day moving average is $2.38.
BioLife Solutions (NASDAQ:BLFS) last released its quarterly earnings data on Thursday, August 10th. The medical equipment provider reported ($0.06) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($0.06). The firm had revenue of $2.56 million during the quarter, compared to analysts’ expectations of $2.40 million. BioLife Solutions had a negative return on equity of 75.24% and a negative net margin of 63.71%. Equities research analysts predict that BioLife Solutions, Inc. will post ($0.21) EPS for the current fiscal year.
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About BioLife Solutions
BioLife Solutions, Inc (BioLife) is engaged in the developing, manufacturing and marketing a portfolio of biopreservation tools and services for cells, tissues and organs, including clinical grade cell and tissue hypothermic storage and cryopreservation freeze media and a related cloud hosted biologistics cold chain management application for shippers.
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