BMRA - Biomerica Inc.: The Winning Streak Continues (BMRA)
Biomerica Inc. (NASDAQ:BMRA) traded today at a new 52-week high of $23.38. This new high was reached on above average trading volume as 46.2 million shares traded hands, while the average 30-day volume is approximately 40,000 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.
Biomerica Inc. has overhead space with shares priced $4.38, or 17.9% below the average consensus analyst price target of $5.34.
In the past 52 weeks, Biomerica Inc. share prices are bracketed by a current low of $1.53 and a high of $7.38 and is now at $4.38.
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