Shares of Harvard Bioscience Inc. (NASDAQ:HBIO) dropped 3.7% during mid-day trading on Friday . The stock traded as low as $2.58 and last traded at $2.60, with a volume of 91,040 shares changing hands. The stock had previously closed at $2.70.

Separately, Zacks Investment Research downgraded shares of Harvard Bioscience from a “hold” rating to a “sell” rating in a research report on Thursday, May 5th.

The stock’s 50 day moving average is $2.82 and its 200 day moving average is $2.98. The stock’s market capitalization is $89.21 million.

Harvard Bioscience (NASDAQ:HBIO) last announced its quarterly earnings data on Thursday, July 28th. The company reported $0.03 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.03. The business had revenue of $26.10 million for the quarter, compared to analyst estimates of $26.60 million. On average, analysts forecast that Harvard Bioscience Inc. will post $0.16 EPS for the current fiscal year.

Harvard Bioscience, Inc is a developer, manufacturer and marketer of a range of specialized products, apparatus and scientific instruments. The Company’s products are used to advance life science research at pharmaceutical and biotechnology companies, universities and government laboratories across the world.

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