BioLife Solutions, Inc. (NASDAQ:BLFS) Releases Earnings Results, Meets Estimates
BioLife Solutions, Inc. (NASDAQ:BLFS) released its quarterly earnings data on Thursday. The medical equipment provider reported ($0.06) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.06), Bloomberg Earnings reports. BioLife Solutions had a negative net margin of 74.58% and a negative return on equity of 74.36%. The company had revenue of $2.56 million during the quarter, compared to the consensus estimate of $2.40 million.
Shares of BioLife Solutions (BLFS) traded up 5.28% during midday trading on Friday, hitting $3.79. 193,801 shares of the stock traded hands. The firm has a 50-day moving average price of $3.14 and a 200 day moving average price of $2.34. BioLife Solutions has a one year low of $1.43 and a one year high of $3.95. The stock’s market cap is $49.41 million.
BLFS has been the subject of several research analyst reports. Janney Montgomery Scott upgraded shares of BioLife Solutions from a “neutral” rating to a “buy” rating and upped their price objective for the company from $2.62 to $5.00 in a research note on Wednesday, July 5th. Maxim Group restated a “buy” rating and issued a $4.00 price objective on shares of BioLife Solutions in a research note on Wednesday, July 5th.
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About BioLife Solutions
BioLife Solutions, Inc (BioLife) is engaged in the developing, manufacturing and marketing a portfolio of biopreservation tools and services for cells, tissues and organs, including clinical grade cell and tissue hypothermic storage and cryopreservation freeze media and a related cloud hosted biologistics cold chain management application for shippers.
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