BioNexus Gene Lab (NASDAQ:BGLC) Stock Price Down 1.4% – What’s Next?

BioNexus Gene Lab Corp. (NASDAQ:BGLCGet Free Report)’s share price fell 1.4% on Tuesday . The company traded as low as $2.15 and last traded at $2.16. 6,790 shares changed hands during mid-day trading, a decline of 77% from the average session volume of 30,130 shares. The stock had previously closed at $2.19.

BioNexus Gene Lab Price Performance

The company has a debt-to-equity ratio of 0.01, a current ratio of 6.53 and a quick ratio of 5.69. The stock has a market cap of $5.23 million, a price-to-earnings ratio of -1.46 and a beta of 4.06. The business’s 50-day simple moving average is $2.17 and its two-hundred day simple moving average is $2.87.

BioNexus Gene Lab (NASDAQ:BGLCGet Free Report) last issued its earnings results on Friday, May 15th. The company reported ($0.23) earnings per share for the quarter. BioNexus Gene Lab had a negative net margin of 54.70% and a negative return on equity of 37.43%. The company had revenue of $0.02 million during the quarter.

Institutional Trading of BioNexus Gene Lab

An institutional investor recently raised its position in BioNexus Gene Lab stock. DRW Securities LLC raised its stake in BioNexus Gene Lab Corp. (NASDAQ:BGLCFree Report) by 226.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 47,830 shares of the company’s stock after buying an additional 33,179 shares during the period. DRW Securities LLC owned 2.02% of BioNexus Gene Lab worth $189,000 at the end of the most recent quarter. 18.85% of the stock is owned by hedge funds and other institutional investors.

BioNexus Gene Lab Company Profile

(Get Free Report)

BioNexus Gene Lab Corp., through its subsidiary, sells chemical raw material products in Malaysia, Indonesia, Vietnam, and other countries in Southeast Asia. The company offers chemical raw material products, which include Polyester Resin SHCP 268, a thixotropic, quick-curing unsaturated polyester resin suitable as a general-purpose resin; Polyester Resin 9509, a general-purpose material used in production of marine boats and water slides; and Polyester Resin 2802 used as a component in the pultrusion process by certain manufacturers.

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