BioNexus Gene Lab (NASDAQ:BGLC) Stock Price Up 1.7% – What’s Next?

BioNexus Gene Lab Corp. (NASDAQ:BGLCGet Free Report) shot up 1.7% during trading on Friday . The stock traded as high as $2.45 and last traded at $2.43. 13,358 shares changed hands during mid-day trading, a decline of 73% from the average session volume of 49,084 shares. The stock had previously closed at $2.39.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of BioNexus Gene Lab in a research note on Monday, December 29th. One research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock presently has a consensus rating of “Sell”.

Check Out Our Latest Analysis on BGLC

BioNexus Gene Lab Stock Up 1.7%

The company has a market cap of $5.73 million, a P/E ratio of -3.20 and a beta of 5.27. The stock has a 50 day moving average price of $3.26 and a two-hundred day moving average price of $4.48.

Institutional Investors Weigh In On BioNexus Gene Lab

A hedge fund recently raised its stake in BioNexus Gene Lab stock. DRW Securities LLC increased its holdings in shares of BioNexus Gene Lab Corp. (NASDAQ:BGLCFree Report) by 226.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 47,830 shares of the company’s stock after acquiring an additional 33,179 shares during the quarter. DRW Securities LLC owned about 2.02% of BioNexus Gene Lab worth $189,000 as of its most recent filing with the SEC. 18.85% of the stock is currently owned by hedge funds and other institutional investors.

About BioNexus Gene Lab

(Get Free Report)

BioNexus Gene Lab Corp., through its subsidiary, sells chemical raw material products in Malaysia, Indonesia, Vietnam, and other countries in Southeast Asia. The company offers chemical raw material products, which include Polyester Resin SHCP 268, a thixotropic, quick-curing unsaturated polyester resin suitable as a general-purpose resin; Polyester Resin 9509, a general-purpose material used in production of marine boats and water slides; and Polyester Resin 2802 used as a component in the pultrusion process by certain manufacturers.

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