Trinity Biotech PLC (TRIB) Shares Bought by Susquehanna International Group LLP
Susquehanna International Group LLP raised its position in Trinity Biotech PLC (NASDAQ:TRIB) by 37.7% during the third quarter, Holdings Channel reports. The institutional investor owned 43,300 shares of the company’s stock after buying an additional 11,860 shares during the period. Susquehanna International Group LLP owned approximately 0.19% of Trinity Biotech PLC worth $572,000 at the end of the most recent reporting period.
A number of other institutional investors have also made changes to their positions in TRIB. Adage Capital Partners GP L.L.C. acquired a new position in shares of Trinity Biotech PLC during the third quarter worth $1,284,000. Marathon Capital Management raised its position in shares of Trinity Biotech PLC by 12.2% in the third quarter. Marathon Capital Management now owns 121,600 shares of the company’s stock worth $1,608,000 after buying an additional 13,225 shares in the last quarter. Morgan Stanley raised its position in shares of Trinity Biotech PLC by 4.5% in the third quarter. Morgan Stanley now owns 15,345 shares of the company’s stock worth $202,000 after buying an additional 663 shares in the last quarter. Benchmark Capital Advisors raised its position in shares of Trinity Biotech PLC by 6.3% in the third quarter. Benchmark Capital Advisors now owns 96,741 shares of the company’s stock worth $1,279,000 after buying an additional 5,700 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale acquired a new position in shares of Trinity Biotech PLC during the third quarter worth $170,000. Institutional investors and hedge funds own 70.71% of the company’s stock.
Shares of Trinity Biotech PLC (NASDAQ:TRIB) traded up 2.77% during trading on Friday, hitting $7.04. The stock had a trading volume of 150,570 shares. The company has a market cap of $160.49 million, a PE ratio of 52.93 and a beta of 1.17. The stock has a 50 day moving average of $6.85 and a 200 day moving average of $9.70. Trinity Biotech PLC has a 12 month low of $5.76 and a 12 month high of $13.68.
Trinity Biotech PLC (NASDAQ:TRIB) last announced its quarterly earnings results on Tuesday, October 25th. The company reported $0.07 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.07. The firm earned $26.10 million during the quarter, compared to analyst estimates of $26.50 million. Trinity Biotech PLC had a return on equity of 2.73% and a net margin of 3.04%. Equities analysts forecast that Trinity Biotech PLC will post ($2.54) EPS for the current fiscal year.
A number of equities analysts have weighed in on the company. Zacks Investment Research upgraded Trinity Biotech PLC from a “sell” rating to a “hold” rating in a research note on Friday, November 11th. Stephens lowered Trinity Biotech PLC from an “overweight” rating to an “equal weight” rating in a research note on Wednesday, October 5th.
Trinity Biotech PLC Company Profile
Trinity Biotech plc (Trinity Biotech) develops, acquires, manufactures and markets medical diagnostic products for the clinical laboratory and point-of-care (POC) segments of the diagnostic market. The Company’s products are used to detect autoimmune, infectious and sexually transmitted diseases, diabetes, and disorders of the liver and intestine.
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