Shares of Bioanalytical Systems, Inc. (NASDAQ:BASI) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $3.02 and traded as high as $4.65. Bioanalytical Systems shares last traded at $4.52, with a volume of 24,848 shares changing hands.
Separately, ValuEngine downgraded Bioanalytical Systems from a “hold” rating to a “sell” rating in a research note on Wednesday, October 2nd.
The firm has a 50 day simple moving average of $4.59 and a two-hundred day simple moving average of $3.02. The company has a quick ratio of 0.61, a current ratio of 0.67 and a debt-to-equity ratio of 1.19.
A number of hedge funds and other institutional investors have recently bought and sold shares of BASI. Essex Investment Management Co. LLC acquired a new stake in Bioanalytical Systems in the third quarter valued at about $340,000. Virtu Financial LLC purchased a new stake in Bioanalytical Systems in the 3rd quarter valued at approximately $97,000. Finally, Renaissance Technologies LLC boosted its holdings in Bioanalytical Systems by 7.7% in the 2nd quarter. Renaissance Technologies LLC now owns 253,001 shares of the company’s stock valued at $506,000 after purchasing an additional 18,120 shares in the last quarter. 8.18% of the stock is owned by hedge funds and other institutional investors.
About Bioanalytical Systems (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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