Harvard Bioscience (HBIO) Announces Quarterly Results
Harvard Bioscience (NASDAQ:HBIO) announced its earnings results on Thursday. The company reported $0.05 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.05, AmericanBankingNews.com reports.
Shares of Harvard Bioscience (NASDAQ:HBIO) traded down 2.98% on Thursday, hitting $4.56. 77,761 shares of the company’s stock traded hands. Harvard Bioscience has a 1-year low of $3.68 and a 1-year high of $5.15. The stock’s 50-day moving average is $4.4 and its 200-day moving average is $4.41. The company’s market cap is $145.7 million. Harvard Bioscience also was the target of a significant drop in short interest in July. As of July 15th, there was short interest totalling 427,425 shares, a drop of 79.0% from the June 30th total of 2,039,971 shares. Based on an average daily volume of 164,239 shares, the short-interest ratio is currently 2.6 days. Approximately 1.6% of the shares of the stock are sold short.
Several analysts have recently commented on the stock. Analysts at Alere Financial initiated coverage on shares of Harvard Bioscience in a research note on Thursday, July 24th. They set a “buy” rating and a $8.00 price target on the stock. On the ratings front, analysts at Zacks downgraded shares of Harvard Bioscience to a “neutral” rating in a research note on Tuesday, July 1st. They now have a $4.80 price target on the stock. Finally, analysts at Janney Montgomery Scott initiated coverage on shares of Harvard Bioscience in a research note on Wednesday, June 25th. They set a “buy” rating and a $9.00 price target on the stock.
Harvard Bioscience, Inc is a global developer, manufacturer and marketer of a range of specialized products, apparatus and scientific instruments, used to advance life science research at pharmaceutical and biotechnology companies, universities and government laboratories worldwide.
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