Trinity Biotech plc (TRIB) Stock Price Down 4.1%
Trinity Biotech plc (NASDAQ:TRIB)’s share price was down 4.1% during trading on Wednesday . The company traded as low as $10.60 and last traded at $10.63, with a volume of 57,866 shares traded. The stock had previously closed at $11.09.
A number of equities analysts recently commented on TRIB shares. Roth Capital reiterated a “buy” rating on shares of Trinity Biotech plc in a research note on Thursday, April 21st. Zacks Investment Research upgraded shares of Trinity Biotech plc from a “sell” rating to a “hold” rating in a research note on Wednesday, June 22nd. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $18.00.
The company has a market capitalization of $246.84 million and a PE ratio of 39.70. The firm’s 50 day moving average price is $11.12 and its 200 day moving average price is $10.99.
Trinity Biotech plc (NASDAQ:TRIB) last released its quarterly earnings results on Tuesday, April 19th. The company reported $0.06 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.08 by $0.02. Equities analysts predict that Trinity Biotech plc will post $0.21 EPS for the current year.
A number of large investors have recently added to or reduced their stakes in TRIB. Stephens Inc. AR raised its stake in Trinity Biotech plc by 4.3% in the fourth quarter. Stephens Inc. AR now owns 123,171 shares of the company’s stock worth $1,448,000 after buying an additional 5,045 shares during the last quarter. US Bancorp DE raised its stake in Trinity Biotech plc by 103.1% in the fourth quarter. US Bancorp DE now owns 238,825 shares of the company’s stock worth $2,808,000 after buying an additional 121,214 shares during the last quarter. Lapides Asset Management LLC raised its stake in Trinity Biotech plc by 50.0% in the fourth quarter. Lapides Asset Management LLC now owns 554,300 shares of the company’s stock worth $6,519,000 after buying an additional 184,800 shares during the last quarter. Royce & Associates LLC raised its stake in Trinity Biotech plc by 17.9% in the fourth quarter. Royce & Associates LLC now owns 702,598 shares of the company’s stock worth $8,263,000 after buying an additional 106,500 shares during the last quarter. Finally, Bank of Montreal Can purchased a new stake in Trinity Biotech plc during the fourth quarter worth $13,045,000.
Trinity Biotech plc (Trinity Biotech) develops, acquires, manufactures and markets medical diagnostic products for the clinical laboratory and point-of-care segments of the diagnostic market. These products are used to detect autoimmune, infectious and sexually transmitted diseases, diabetes and disorders of the liver and intestine.
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