Is Bio-Techne Corp (NASDAQ: TECH) No Longer A Good Investment?

After Hours

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility.

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Stocks Info

TECH belongs to the Healthcare sector of the NASDAQ while operating in the Biotechnology industry. The current market capitalization of Bio-Techne Corp is $12.68B. A total of 0.72 million shares were traded on the day, compared to an average of 965.41K shares.

In the most recent transaction, BAUMGARTNER ROBERT V sold 16,000 shares of TECH for 72.10 per share on Aug 08 ’24. After the transaction, the Director now owns 43,401 company shares. In a previous transaction on Aug 08 ’24, ROBERT V. BAUMGARTNER bought 16,000 shares at 72.10 per share.

Among the insiders who sold shares, HIGGINS JOHN L disposed of 4,000 shares on May 14 ’24 at a per-share price of $83.84. This resulted in the Director holding 36,608 shares of TECH after the transaction. In another insider transaction, Nusse Roeland sold 10,400 shares at $76.98 per share on Mar 07 ’24. Company shares held by the Director now total 43,097.

Dividend

Paying dividends generates immediate cash flow for investors and indicates a positive outlook for the company. Bio-Techne Corp pays an annual dividend of $0.32, resulting in a dividend yield of 0.40%, and it has a price to earnings (P/E) ratio of 76.52. TECH’s most recent ex-dividend date was 8/19/2024 when it declared a $0.08 quarterly dividend that was paid in cash on 8/30/2024. Previously, the company paid the dividend on 5/24/2024 with an ex-dividend date of 5/10/2024. The TECH stock dividend was $0.08 per share in cash.

While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. In terms of 52-week highs and lows, TECH has a high of $85.57 and a low of $51.79.

Balance Sheet Annually/Quarterly

An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using this information. 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 $13.08, while its Total Shareholder’s Equity was $1.70B.

Analysts Opinion

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after 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 4.54.

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