Techne Corp. Sets New 12-Month High at $96.98 (TECH)
Shares of Techne Corp. (NASDAQ:TECH) hit a new 52-week high during trading on Friday , StockRatingsNetwork reports. The company traded as high as $96.98 and last traded at $95.96, with a volume of 56,163 shares traded. The stock had previously closed at $96.69.
Separately, analysts at Janney Montgomery Scott reiterated a “fair value” rating on shares of Techne Corp. in a research note on Tuesday. They now have a $101.00 price target on the stock, up previously from $93.00.
The stock’s 50-day moving average is $92.60 and its 200-day moving average is $89.34. The company has a market cap of $3.558 billion and a P/E ratio of 32.23.
Techne Corp. (NASDAQ:TECH) last posted its quarterly earnings results on Monday, August 11th. The company reported $0.88 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.85 by $0.03. The company had revenue of $92.50 million for the quarter, compared to the consensus estimate of $91.80 million. During the same quarter in the prior year, the company posted $0.82 earnings per share. The company’s quarterly revenue was up 16.4% on a year-over-year basis. Analysts expect that Techne Corp. will post $3.66 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, August 29th. Stockholders of record on Thursday, August 21st will be given a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a yield of 1.28%. The ex-dividend date of this dividend is Tuesday, August 19th.
TECHNE Corporation is engaged in the development, manufacture and sale of biotechnology products and hematology calibrators and controls.
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