Momentum Is Strong For Bio-Techne Corp (NASDAQ: TECH)

After Hours

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Stocks Info

This NASDAQ-listed company operates within the Biotechnology industry segment, falling under the Healthcare sector. The current market capitalization of Bio-Techne Corp is $12.18B. A total of 1.32 million shares were traded on the day, compared to an average of 1.10M shares.

In the most recent transaction, HIGGINS JOHN L sold 4,000 shares of TECH for 83.84 per share on May 14 ’24. After the transaction, the Director now owns 36,608 company shares. In a previous transaction on Mar 07 ’24, Nusse Roeland sold 10,400 shares at 76.98 per share. TECH shares that Director owns now total 43,097.

Among the insiders who sold shares, Nusse Roeland disposed of 8,939 shares on Aug 30 ’23 at a per-share price of $80.32. This resulted in the Director holding 51,872 shares of TECH after the transaction. In another insider transaction, Kummeth Charles R. sold 80,000 shares at $88.36 per share on Jul 21 ’23. Company shares held by the Chief Executive Officer now total 1,258,766.

Dividend

The income generated by dividends is an indication that a company is improving its financial position, which is why investors prefer companies paying dividends. Bio-Techne Corp pays an annual dividend of $0.32, resulting in a dividend yield of 0.41%, and it has a price to earnings (P/E) ratio of 61.45. TECH’s most recent ex-dividend date was 5/10/2024 when it declared a $0.08 quarterly dividend that was paid in cash on 5/24/2024. Previously, the company paid the dividend on 2/26/2024 with an ex-dividend date of 2/9/2024. The TECH stock dividend was $0.08 per share in cash.

Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. In terms of 52-week highs and lows, TECH has a high of $89.91 and a low of $51.79.

Balance Sheet Annually/Quarterly

In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects. TECH’s latest balance sheet shows that the firm has $247.03M in Cash & Short Term Investments as of fiscal 2022. There were $325.97M in debt and $176.02M in liabilities at the time. Its Book Value Per Share was $12.79, while its Total Shareholder’s Equity was $1.70B.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for TECH is Buy with a score of 4.57.

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