Alpha Teknova (NASDAQ:TKNO) Trading 0.7% Higher – Here’s Why

Shares of Alpha Teknova, Inc. (NASDAQ:TKNO) traded up 0.7% on Friday . The stock traded as high as $7.93 and last traded at $7.33. 232,229 shares changed hands during trading, an increase of 0% from the average session volume of 231,766 shares. The stock had previously closed at $7.28.

Alpha Teknova Stock Performance

The company’s fifty day simple moving average is $5.96 and its two-hundred day simple moving average is $3.86. The company has a market capitalization of $390.75 million, a price-to-earnings ratio of -9.91 and a beta of 0.35. The company has a debt-to-equity ratio of 0.12, a quick ratio of 3.94 and a current ratio of 4.73.

Alpha Teknova (NASDAQ:TKNO) last announced its quarterly earnings data on Thursday, November 7th. The company reported ($0.15) earnings per share 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 firm had revenue of $9.58 million during the quarter, compared to the consensus estimate of $9.30 million. During the same period in the prior year, the firm earned ($0.34) earnings per share. Equities research analysts predict that Alpha Teknova, Inc. will post -0.54 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Alpha Teknova

Several large investors have recently added to or reduced their stakes in TKNO. Geode Capital Management LLC raised its holdings in shares of Alpha Teknova by 24.4% during the third quarter. Geode Capital Management LLC now owns 188,173 shares of the company’s stock worth $911,000 after purchasing an additional 36,914 shares during the period. State Street Corp grew its position in shares of Alpha Teknova by 249.3% during the 3rd quarter. State Street Corp now owns 76,645 shares of the company’s stock valued at $371,000 after buying an additional 54,700 shares during the last quarter. Point72 Asset Management L.P. acquired a new stake in Alpha Teknova during the third quarter worth about $1,483,000. Roubaix Capital LLC bought a new position in Alpha Teknova in the third quarter worth about $2,015,000. Finally, Conestoga Capital Advisors LLC boosted its stake in Alpha Teknova by 81.6% in the second quarter. Conestoga Capital Advisors LLC now owns 453,899 shares of the company’s stock valued at $622,000 after acquiring an additional 203,950 shares during the period. 13.81% of the stock is currently owned by institutional investors.

Alpha Teknova Company Profile

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.