Chembio Diagnostics Inc. (NASDAQ:CEMI) received a $9.00 target price from research analysts at Benchmark Co. in a research report issued to clients and investors on Friday. The brokerage currently has a a “buy” rating on the stock. Benchmark Co.’s price objective indicates a potential upside of 30.43% from the company’s current price.

The analysts wrote, “Benchmark Co. Reiterates a Buy Rating on Chembio Diagnostics | Analyst Ratings

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Home » Benchmark Co. Reiterates a Buy Rating on Chembio Diagnostics”

Chembio Diagnostics (NASDAQ:CEMI) opened at 6.90 on Friday. The company’s market capitalization is $82.70 million. The stock’s 50 day moving average is $7.06 and its 200 day moving average is $7.51. Chembio Diagnostics has a 52 week low of $4.03 and a 52 week high of $9.40.

Chembio Diagnostics (NASDAQ:CEMI) last announced its quarterly earnings results on Thursday, November 10th. The company reported ($0.19) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.17) by $0.02. The company earned $3.75 million during the quarter, compared to the consensus estimate of $3.76 million. Chembio Diagnostics had a negative net margin of 63.43% and a negative return on equity of 34.29%. On average, equities research analysts expect that Chembio Diagnostics will post ($1.23) earnings per share for the current year.

Chembio Diagnostics Company Profile

Chembio Diagnostics, Inc (Chembio), and its subsidiary, Chembio Diagnostic Systems, Inc, develop, manufacture, market and license rapid point-of-care diagnostic tests (POCTs) that detect infectious diseases. The Company’s products available are rapid tests for the detection of human immunodeficiency virus (HIV) 1/2 antibodies, and a multiplex rapid test for the detection of HIV and Syphilis antibodies.

5 Day Chart for NASDAQ:CEMI

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