BioLife Solutions, Inc. (NASDAQ:BLFS) Rating Increased to Buy at Janney Montgomery Scott
BioLife Solutions, Inc. (NASDAQ:BLFS) was upgraded by investment analysts at Janney Montgomery Scott from a “neutral” rating to a “buy” rating in a research note issued to investors on Wednesday, July 5th, Marketbeat reports. The brokerage presently has a $5.00 price objective on the medical equipment provider’s stock, up from their prior price objective of $2.62. Janney Montgomery Scott’s price target would suggest a potential upside of 47.06% from the company’s current price.
Separately, Maxim Group set a $4.00 price target on BioLife Solutions and gave the company a “buy” rating in a research note on Saturday, May 13th.
BioLife Solutions (NASDAQ BLFS) traded up 0.72% during trading on Wednesday, reaching $3.40. 671,795 shares of the company were exchanged. The company’s market capitalization is $44.32 million. BioLife Solutions has a one year low of $1.43 and a one year high of $3.74. The firm’s 50-day moving average is $2.26 and its 200 day moving average is $2.01.
BioLife Solutions (NASDAQ:BLFS) last released its earnings results on Thursday, May 11th. The medical equipment provider reported ($0.07) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.05) by $0.02. BioLife Solutions had a negative return on equity of 74.36% and a negative net margin of 74.58%. The business had revenue of $2.37 million during the quarter, compared to analysts’ expectations of $2.10 million. On average, analysts anticipate that BioLife Solutions will post ($0.17) EPS for the current fiscal year.
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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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