Insider Buying: Chembio Diagnostics Inc (CEMI) CFO Buys 14,815 Shares of Stock
Chembio Diagnostics Inc (NASDAQ:CEMI) CFO Neil A. Goldman acquired 14,815 shares of the company’s stock in a transaction that occurred on Tuesday, February 13th. The shares were acquired at an average cost of $6.75 per share, with a total value of $100,001.25. Following the purchase, the chief financial officer now directly owns 14,815 shares of the company’s stock, valued at approximately $100,001.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Chembio Diagnostics Inc (NASDAQ:CEMI) traded up $0.20 during trading hours on Tuesday, reaching $7.40. The company had a trading volume of 144,400 shares, compared to its average volume of 30,288. The company has a market capitalization of $88.70, a price-to-earnings ratio of -12.98 and a beta of 1.14. Chembio Diagnostics Inc has a 12 month low of $5.05 and a 12 month high of $9.20. The company has a quick ratio of 2.19, a current ratio of 3.54 and a debt-to-equity ratio of 0.01.
A number of large investors have recently bought and sold shares of CEMI. Goldman Sachs Group Inc. bought a new stake in Chembio Diagnostics during the second quarter valued at $151,000. Benchmark Capital Advisors boosted its stake in Chembio Diagnostics by 174.2% during the third quarter. Benchmark Capital Advisors now owns 32,900 shares of the company’s stock valued at $204,000 after buying an additional 20,900 shares during the period. Wells Fargo & Company MN boosted its stake in Chembio Diagnostics by 55.4% during the second quarter. Wells Fargo & Company MN now owns 74,186 shares of the company’s stock valued at $449,000 after buying an additional 26,436 shares during the period. Finally, Royce & Associates LP boosted its stake in Chembio Diagnostics by 367.6% during the fourth quarter. Royce & Associates LP now owns 102,400 shares of the company’s stock valued at $840,000 after buying an additional 80,500 shares during the period. 34.00% of the stock is owned by institutional investors.
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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.
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