Bio-Rad Laboratories (NYSE:BIO.B) Share Price Crosses Above Fifty Day Moving Average - Here's Why
Bio-Rad Laboratories' stock price crossed above its 50-day moving average, trading as high as $310.70. The stock has a market cap of $8.38 billion and a PE ratio of -12.78. Despite a Hold rating from analysts, Bio-Rad Laboratories wasn't among the top five stocks recommended by analysts. The company reported $2.26 EPS for the last quarter with revenue of $653 million.
Bio-Rad Laboratories, Inc. (NYSE:BIO.B - Get Free Report)'s stock price crossed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $301.26 and traded as high as $310.70. Bio-Rad Laboratories shares last traded at $310.70, with a volume of 82 shares.
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Bio-Rad Laboratories Price Performance
The company has a debt-to-equity ratio of 0.18, a quick ratio of 3.94 and a current ratio of 5.44. The stock's 50-day moving average is $301.26 and its two-hundred day moving average is $268.94. The stock has a market cap of $8.38 billion, a PE ratio of -12.78 and a beta of 1.02.
Bio-Rad Laboratories (NYSE:BIO.B - Get Free Report) last released its quarterly earnings results on Wednesday, October 29th. The company reported $2.26 EPS for the quarter. Bio-Rad Laboratories had a positive return on equity of 4.19% and a negative net margin of 26.43%.The company had revenue of $653.00 million for the quarter.
About Bio-Rad Laboratories
(Get Free Report)Bio-Rad Laboratories, Inc manufactures, and distributes life science research and clinical diagnostic products in the United States, Europe, Asia, Canada, and Latin America. The company operates through Life Science and Clinical Diagnostics segments. The Life Science segment develops, manufactures, and markets a range of reagents, apparatus, and laboratory instruments that are used in research techniques, biopharmaceutical production processes, and food testing regimes.
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