BioNexus Gene Lab (NASDAQ:BGLC) Posts Earnings Results

BioNexus Gene Lab (NASDAQ:BGLC) released its earnings results on Friday. The company reported ($0.12) EPS for the quarter, FiscalAI reports. BioNexus Gene Lab had a negative net margin of 54.70% and a negative return on equity of 37.43%. The business had revenue of $0.08 million for the quarter.

BioNexus Gene Lab Trading Down 4.3%

NASDAQ:BGLC opened at $1.57 on Friday. The company has a quick ratio of 5.69, a current ratio of 6.53 and a debt-to-equity ratio of 0.01. BioNexus Gene Lab has a 1-year low of $1.07 and a 1-year high of $6.10. The firm has a market capitalization of $3.80 million, a price-to-earnings ratio of -1.25 and a beta of 4.16. The stock has a fifty day simple moving average of $1.85 and a 200 day simple moving average of $2.14.

Institutional Trading of BioNexus Gene Lab

A hedge fund recently raised its position in BioNexus Gene Lab stock. DRW Securities LLC grew its position in BioNexus Gene Lab Corp. (NASDAQ:BGLC) by 226.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 47,830 shares of the company’s stock after buying an additional 33,179 shares during the quarter. DRW Securities LLC owned approximately 2.02% of BioNexus Gene Lab worth $189,000 at the end of the most recent quarter. 18.85% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings upgraded shares of BioNexus Gene Lab from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Wednesday, August 5th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, BioNexus Gene Lab currently has a consensus rating of “Sell”.

About BioNexus Gene Lab

BioNexus Gene Lab Corp., through its subsidiary, sells chemical raw material products in Malaysia, Indonesia, Vietnam, and other countries in Southeast Asia. The company offers chemical raw material products, which include Polyester Resin SHCP 268, a thixotropic, quick-curing unsaturated polyester resin suitable as a general-purpose resin; Polyester Resin 9509, a general-purpose material used in production of marine boats and water slides; and Polyester Resin 2802 used as a component in the pultrusion process by certain manufacturers.