BioLife Solutions Inc (NASDAQ:BLFS) CEO Michael Rice sold 12,540 shares of the company’s stock in a transaction that occurred on Tuesday, January 16th. The shares were sold at an average price of $5.57, for a total value of $69,847.80. Following the completion of the sale, the chief executive officer now owns 152,057 shares in the company, valued at $846,957.49. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.
Shares of BioLife Solutions Inc (NASDAQ:BLFS) traded up $0.03 on Wednesday, reaching $5.63. The company’s stock had a trading volume of 26,145 shares, compared to its average volume of 65,372. BioLife Solutions Inc has a 12-month low of $1.69 and a 12-month high of $7.53. The firm has a market capitalization of $77.15, a price-to-earnings ratio of -13.40 and a beta of 0.27.
BioLife Solutions (NASDAQ:BLFS) last issued its quarterly earnings results on Thursday, November 9th. The medical equipment provider reported ($0.03) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.06) by $0.03. BioLife Solutions had a negative return on equity of 49.92% and a negative net margin of 52.10%. The firm had revenue of $2.96 million for the quarter, compared to analyst estimates of $2.60 million. sell-side analysts anticipate that BioLife Solutions Inc will post -0.21 earnings per share for the current fiscal year.
Separately, Maxim Group upped their target price on BioLife Solutions from $6.00 to $7.00 and gave the company a “buy” rating in a report on Tuesday, September 19th.
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BioLife Solutions Company Profile
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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