Chembio Diagnostics, Inc. (CEMI) Insider Purchases $198,650.00 in Stock
Chembio Diagnostics, Inc. (NASDAQ:CEMI) insider Norman H. Pessin acquired 36,250 shares of Chembio Diagnostics stock in a transaction dated Wednesday, June 28th. The shares were bought at an average cost of $5.48 per share, with a total value of $198,650.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Shares of Chembio Diagnostics, Inc. (NASDAQ:CEMI) remained flat at $6.10 during mid-day trading on Thursday. The company’s stock had a trading volume of 32,607 shares. Chembio Diagnostics, Inc. has a 12-month low of $5.05 and a 12-month high of $8.48. The firm’s market cap is $75.02 million. The stock has a 50-day moving average of $6.40 and a 200-day moving average of $6.11.
Chembio Diagnostics (NASDAQ:CEMI) last announced its earnings results on Tuesday, May 9th. The company reported ($0.13) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.20) by $0.07. The firm had revenue of $5.43 million during the quarter, compared to analyst estimates of $4.88 million. Chembio Diagnostics had a negative net margin of 87.81% and a negative return on equity of 54.92%. On average, analysts expect that Chembio Diagnostics, Inc. will post ($0.52) EPS for the current fiscal year.
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Separately, ValuEngine raised Chembio Diagnostics from a “strong sell” rating to a “sell” rating in a research note on Friday, June 2nd.
Chembio Diagnostics Company 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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