Shares of Bioanalytical Systems, Inc. (NASDAQ:BASI) shot up 10.4% during mid-day trading on Friday . The company traded as high as $6.26 and last traded at $6.04, 180,418 shares changed hands during trading. An increase of 120% from the average session volume of 81,826 shares. The stock had previously closed at $5.47.
A number of brokerages have recently issued reports on BASI. ValuEngine downgraded shares of Bioanalytical Systems from a “hold” rating to a “sell” rating in a research report on Wednesday, October 2nd. TheStreet raised shares of Bioanalytical Systems from a “d+” rating to a “c-” rating in a research report on Thursday, January 2nd.
The business’s 50-day moving average price is $4.71 and its 200-day moving average price is $3.64. The company has a debt-to-equity ratio of 1.29, a quick ratio of 0.65 and a current ratio of 0.71.
Hedge funds have recently modified their holdings of the company. Virtu Financial LLC bought a new stake in shares of Bioanalytical Systems during the 3rd quarter valued at $97,000. Essex Investment Management Co. LLC purchased a new position in shares of Bioanalytical Systems during the 3rd quarter valued at $340,000. Finally, Renaissance Technologies LLC lifted its stake in shares of Bioanalytical Systems by 7.7% during the 2nd quarter. Renaissance Technologies LLC now owns 253,001 shares of the company’s stock valued at $506,000 after buying an additional 18,120 shares in the last quarter. 8.42% of the stock is owned by hedge funds and other institutional investors.
Bioanalytical Systems Company Profile (NASDAQ:BASI)
Bioanalytical Systems, Inc provides drug discovery and development services, and analytical instruments for pharmaceutical, biotechnology, academic, and government organizations in the United States, rest of North America, the Pacific Rim, Europe, and internationally. It operates through two segments, Contract Research Services and Research Products.
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