Shares of Alpha Teknova, Inc. (NASDAQ:TKNO - Get Free Report) were up 22.5% during trading on Monday . The company traded as high as $9.68 and last traded at $9.85. Approximately 131,387 shares changed hands during mid-day trading, a decline of 37% from the average daily volume of 207,518 shares. The stock had previously closed at $8.04.
Alpha Teknova Price Performance
The company has a fifty day moving average price of $8.06 and a two-hundred day moving average price of $5.99. The company has a current ratio of 4.73, a quick ratio of 3.94 and a debt-to-equity ratio of 0.12. The company has a market cap of $489.37 million, a price-to-earnings ratio of -12.41 and a beta of 0.34.
Alpha Teknova (NASDAQ:TKNO - Get Free Report) last announced its quarterly earnings results on Thursday, November 7th. The company reported ($0.15) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.11) by ($0.04). Alpha Teknova had a negative net margin of 87.17% and a negative return on equity of 35.30%. The business had revenue of $9.58 million during the quarter, compared to the consensus estimate of $9.30 million. During the same period last year, the firm earned ($0.34) EPS. As a group, equities research analysts anticipate that Alpha Teknova, Inc. will post -0.58 EPS for the current fiscal year.
Hedge Funds Weigh In On Alpha Teknova
Hedge funds and other institutional investors have recently modified their holdings of the stock. State Street Corp raised its stake in Alpha Teknova by 249.3% during the third quarter. State Street Corp now owns 76,645 shares of the company's stock worth $371,000 after acquiring an additional 54,700 shares in the last quarter. Point72 Asset Management L.P. acquired a new stake in shares of Alpha Teknova during the 3rd quarter worth about $1,483,000. Roubaix Capital LLC acquired a new stake in shares of Alpha Teknova during the 3rd quarter worth about $2,015,000. Geode Capital Management LLC lifted its holdings in Alpha Teknova by 24.4% during the 3rd quarter. Geode Capital Management LLC now owns 188,173 shares of the company's stock valued at $911,000 after purchasing an additional 36,914 shares during the last quarter. Finally, Whalen Wealth Management Inc. acquired a new position in Alpha Teknova in the fourth quarter valued at about $240,000. Institutional investors own 13.81% of the company's stock.
About Alpha Teknova
(
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Alpha Teknova, Inc produces critical reagents for the research, discovery, development, and commercialization of novel therapies, vaccines, and molecular diagnostics in the United States and internationally. The company offers pre-poured media plates for cell growth and cloning; liquid cell culture media and supplements for cellular expansion; and molecular biology reagents for sample manipulation, resuspension, and purification.
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