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NASDAQ:TECH

Bio-Techne (TECH) Stock Price, News & Analysis

$78.72
+0.66 (+0.85%)
(As of 09/27/2024 ET)

About Bio-Techne Stock (NASDAQ:TECH)

Key Stats

Today's Range
$78.02
$80.12
50-Day Range
$70.96
$82.35
52-Week Range
$51.79
$85.57
Volume
689,786 shs
Average Volume
1.04 million shs
Market Capitalization
$12.49 billion
P/E Ratio
62.48
Dividend Yield
0.41%
Price Target
$80.60
Consensus Rating
Moderate Buy

Company Overview

Bio-Techne Corporation, together with its subsidiaries, develops, manufactures, and sells life science reagents, instruments, and services for the research and clinical diagnostic markets in the United States, the United Kingdom, rest of Europe, Middle East, and Africa, Greater China, rest of Asia-Pacific, and internationally. The company operates through two segments, Protein Sciences, and Diagnostics and Genomics. The Protein Sciences segment develops and manufactures biological reagents used in various aspects of life science research, diagnostics, and cell and gene therapy, such as cytokines and growth factors, antibodies, small molecules, tissue culture sera, and cell selection technologies. This segment also offers proteomic analytical tools for automated western blot and multiplexed ELISA workflow consists of manual and automated protein analysis instruments and immunoassays for use in quantifying proteins in various biological fluids. The Diagnostics and Genomics segment develops and manufactures diagnostic products, including controls, calibrators, and diagnostic assays for regulated diagnostics market, exosome-based molecular diagnostic assays, advanced tissue-based in-situ hybridization assays for spatial genomic and tissue biopsy analysis, and genetic and oncology kits for research and clinical applications; and sells products for genetic carrier screening, oncology diagnostics, molecular controls, and research, as well as instruments and process control products for hematology, blood chemistry and gases, and coagulation controls and reagents used in various diagnostic applications. The company was formerly known as Techne Corporation and changed its name to Bio-Techne Corporation in November 2014. Bio-Techne Corporation was incorporated in 1976 and is headquartered in Minneapolis, Minnesota.

Bio-Techne Stock Analysis - MarketRank™

See Top Rated MarketRank™ Stocks
91st Percentile Overall Score

TECH MarketRank™: 

Bio-Techne scored higher than 91% of companies evaluated by MarketBeat, and ranked 171st out of 995 stocks in the medical sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Consensus Rating

    Bio-Techne has received a consensus rating of Moderate Buy. The company's average rating score is 2.70, and is based on 7 buy ratings, 3 hold ratings, and no sell ratings.

  • Amount of Analyst Coverage

    Bio-Techne has only been the subject of 3 research reports in the past 90 days.

  • Read more about Bio-Techne's stock forecast and price target.
  • Earnings Growth

    Earnings for Bio-Techne are expected to grow by 18.24% in the coming year, from $1.70 to $2.01 per share.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of Bio-Techne is 62.48, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 124.51.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of Bio-Techne is 62.48, which means that it is trading at a less expensive P/E ratio than the Medical sector average P/E ratio of about 126.41.

  • Price to Earnings Growth Ratio

    Bio-Techne has a PEG Ratio of 5.59. PEG Ratios above 1 indicate that a company could be overvalued.

  • Price to Book Value per Share Ratio

    Bio-Techne has a P/B Ratio of 6.00. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

  • Read more about Bio-Techne's valuation and earnings.
  • Percentage of Shares Shorted

    2.33% of the outstanding shares of Bio-Techne have been sold short.
  • Short Interest Ratio / Days to Cover

    Bio-Techne has a short interest ratio ("days to cover") of 3.7, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in Bio-Techne has recently increased by 13.15%, indicating that investor sentiment is decreasing significantly.
  • Dividend Yield

    Bio-Techne has a dividend yield of 0.41%, which is in the bottom 25% of all stocks that pay dividends.

  • Dividend Growth

    Bio-Techne does not have a long track record of dividend growth.

  • Dividend Coverage

    The dividend payout ratio of Bio-Techne is 25.40%. This payout ratio is at a healthy, sustainable level, below 75%.

  • Dividend Sustainability

    Based on earnings estimates, Bio-Techne will have a dividend payout ratio of 15.92% next year. This indicates that Bio-Techne will be able to sustain or increase its dividend.

  • Read more about Bio-Techne's dividend.
  • Percentage of Shares Shorted

    2.33% of the outstanding shares of Bio-Techne have been sold short.
  • Short Interest Ratio / Days to Cover

    Bio-Techne has a short interest ratio ("days to cover") of 3.7, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in Bio-Techne has recently increased by 13.15%, indicating that investor sentiment is decreasing significantly.
  • News Sentiment

    Bio-Techne has a news sentiment score of 0.79. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.68 average news sentiment score of Medical companies.
  • News Coverage This Week

    MarketBeat has tracked 10 news articles for Bio-Techne this week, compared to 6 articles on an average week.
  • Search Interest

    5 people have searched for TECH on MarketBeat in the last 30 days. This is an increase of 400% compared to the previous 30 days.
  • MarketBeat Follows

    6 people have added Bio-Techne to their MarketBeat watchlist in the last 30 days. This is an increase of 50% compared to the previous 30 days.
  • Insider Buying vs. Insider Selling

    In the past three months, Bio-Techne insiders have not sold or bought any company stock.

  • Percentage Held by Insiders

    Only 4.45% of the stock of Bio-Techne is held by insiders.

  • Percentage Held by Institutions

    98.95% of the stock of Bio-Techne is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

  • Read more about Bio-Techne's insider trading history.
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TECH Stock News Headlines

WARNING: “Buffett Indicator” flashing for first time in 50 years
The stock market collapsed and didn't recover for an entire decade. And what we're facing today could be even worse. That's why the actions you take in the next 90 days could be crucial for your financial future.
BIO-TECHNE ISSUES 2024 CORPORATE SUSTAINABILITY REPORT
See More Headlines

TECH Stock Analysis - Frequently Asked Questions

Bio-Techne's stock was trading at $77.16 at the beginning of 2024. Since then, TECH stock has increased by 2.0% and is now trading at $78.72.
View the best growth stocks for 2024 here
.

Bio-Techne Co. (NASDAQ:TECH) released its quarterly earnings data on Wednesday, August, 7th. The biotechnology company reported $0.49 earnings per share for the quarter, meeting the consensus estimate of $0.49. The firm's revenue for the quarter was up 1.6% compared to the same quarter last year.

Bio-Techne shares split on Wednesday, November 30th 2022. The 4-1 split was announced on Tuesday, November 1st 2022. The newly issued shares were payable to shareholders after the market closes on Tuesday, November 29th 2022. An investor that had 100 shares of stock prior to the split would have 400 shares after the split.

Bio-Techne subsidiaries include these companies: MoGen Biotechnologies, Exosome Diagnostics, Quad Technologies, Advanced Cell Diagnostics, Space Import-Export Srl, Zephyrus Biosciences, Cliniqa, and others.

Bio-Techne's top institutional shareholders include Mackenzie Financial Corp (1.82%), Bank of New York Mellon Corp (1.72%), Massachusetts Financial Services Co. MA (1.64%) and Select Equity Group L.P. (1.60%). Insiders that own company stock include Charles R Kummeth, Roeland Nusse, Brenda S Furlow, Robert V Baumgartner, John L Higgins, Norman David Eansor, James Hippel and Kim Kelderman.
View institutional ownership trends
.

Shares of TECH stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Based on aggregate information from My MarketBeat watchlists, some other companies that Bio-Techne investors own include Paychex (PAYX), Gilead Sciences (gild), NVIDIA (NVDA), AbbVie (ABBV), Amgen (AMGN), Abbott Laboratories (ABT) and Cisco Systems (CSCO).

Company Calendar

Last Earnings
8/07/2024
Ex-Dividend for 8/30 Dividend
8/19/2024
Dividend Payable
8/30/2024
Today
9/27/2024
Next Earnings (Estimated)
10/29/2024
Fiscal Year End
6/30/2025

Industry, Sector and Symbol

Sector
Medical
Industry
Biological products, except diagnostic
Sub-Industry
Life Sciences Tools & Services
Current Symbol
NASDAQ:TECH
CUSIP
87837710
Employees
3,100
Year Founded
1981

Price Target and Rating

Average Stock Price Target
$80.60
High Stock Price Target
$95.00
Low Stock Price Target
$65.00
Potential Upside/Downside
+2.4%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.70
Research Coverage
10 Analysts

Profitability

Net Income
$168.10 million
Pretax Margin
16.02%

Debt

Sales & Book Value

Annual Sales
$1.16 billion
Cash Flow
$2.35 per share
Book Value
$13.13 per share

Miscellaneous

Free Float
150,572,000
Market Cap
$12.49 billion
Optionable
Optionable
Beta
1.27

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This page (NASDAQ:TECH) was last updated on 9/28/2024 by MarketBeat.com Staff
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