Wells Fargo & Company MN increased its holdings in Chembio Diagnostics, Inc. (NASDAQ:CEMI) by 55.4% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 74,186 shares of the company’s stock after acquiring an additional 26,436 shares during the quarter. Wells Fargo & Company MN owned about 0.60% of Chembio Diagnostics worth $449,000 as of its most recent filing with the Securities & Exchange Commission.

Separately, Royce & Associates LP bought a new position in Chembio Diagnostics in the second quarter worth $132,000. 30.57% of the stock is owned by institutional investors and hedge funds.

Chembio Diagnostics, Inc. (CEMI) opened at $6.75 on Tuesday. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.54 and a quick ratio of 2.19. Chembio Diagnostics, Inc. has a twelve month low of $5.05 and a twelve month high of $7.05.

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Separately, ValuEngine upgraded Chembio Diagnostics from a “strong sell” rating to a “sell” rating in a report on Friday, August 11th.

Chembio Diagnostics Profile

Chembio Diagnostics, Inc (Chembio), and its subsidiary, Chembio Diagnostic Systems, Inc, develop, manufacture, market and license rapid point-of-care diagnostic tests (POCTs) that detect infectious diseases. The Company’s products available are rapid tests for the detection of human immunodeficiency virus (HIV) 1/2 antibodies, and a multiplex rapid test for the detection of HIV and Syphilis antibodies.

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Institutional Ownership by Quarter for Chembio Diagnostics (NASDAQ:CEMI)

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