BMRA - Biomerica Inc. Looks to Continue to Trade Below its Annual-Low Share Price Today
Biomerica Inc. (NASDAQ:BMRA) traded today at a new 52-week low of $4.38. So far today approximately 1.3 million shares have been exchanged, as compared to an average 30-day volume of 123,000 shares.
Biomerica Inc is engaged in the development, manufacturing, and marketing medical diagnostic products designed for the early detection and monitoring of chronic diseases and medical conditions. The company focuses on products for gastrointestinal diseases, food intolerances, diabetes, and certain esoteric tests. It operates in one segment namely, the design, development, marketing and sales of diagnostic kits. Majority of the company's revenue is earned from the Europe market.
Over the past year, Biomerica Inc. has traded in a range of $4.38 to $12.75 and is now at $4.46.
Based on a current price of $4.46, Biomerica Inc. is currently 31.4% above its average consensus analyst price target of $3.06.
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