Neil A. Goldman Purchases 14,815 Shares of Chembio Diagnostics Inc (CEMI) Stock

Chembio Diagnostics Inc (NASDAQ:CEMI) CFO Neil A. Goldman purchased 14,815 shares of the business’s stock in a transaction dated Tuesday, February 13th. The stock was bought at an average cost of $6.75 per share, with a total value of $100,001.25. Following the completion of the acquisition, the chief financial officer now directly owns 14,815 shares of the company’s stock, valued at $100,001.25. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Chembio Diagnostics Inc (NASDAQ CEMI) traded up $0.20 during trading on Tuesday, hitting $7.40. The stock had a trading volume of 144,400 shares, compared to its average volume of 30,288. Chembio Diagnostics Inc has a 52-week low of $5.05 and a 52-week high of $9.20. The company has a quick ratio of 2.19, a current ratio of 3.54 and a debt-to-equity ratio of 0.01. The company has a market capitalization of $88.70, a price-to-earnings ratio of -12.98 and a beta of 1.14.

Several institutional investors have recently bought and sold shares of the company. Benchmark Capital Advisors boosted its holdings in shares of Chembio Diagnostics by 174.2% in the third quarter. Benchmark Capital Advisors now owns 32,900 shares of the company’s stock worth $204,000 after acquiring an additional 20,900 shares during the period. Goldman Sachs Group Inc. bought a new position in shares of Chembio Diagnostics in the second quarter worth $151,000. Wells Fargo & Company MN boosted its holdings in shares of Chembio Diagnostics by 55.4% in the second quarter. Wells Fargo & Company MN now owns 74,186 shares of the company’s stock worth $449,000 after acquiring an additional 26,436 shares during the period. Finally, Royce & Associates LP boosted its holdings in shares of Chembio Diagnostics by 367.6% in the fourth quarter. Royce & Associates LP now owns 102,400 shares of the company’s stock worth $840,000 after acquiring an additional 80,500 shares during the period. 34.00% of the stock is owned by hedge funds and other institutional investors.

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About Chembio Diagnostics

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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