B. Riley set a $6.00 target price on Biomerica (NASDAQ:BMRA) in a research report released on Tuesday, TipRanks reports. The firm currently has a buy rating on the stock.

BMRA traded down $0.12 during trading on Tuesday, hitting $2.88. The stock had a trading volume of 34,036 shares, compared to its average volume of 28,147. The firm has a market capitalization of $28.13 million, a P/E ratio of -11.06 and a beta of 1.45. Biomerica has a twelve month low of $1.60 and a twelve month high of $3.78. The company’s 50-day moving average price is $3.13 and its 200 day moving average price is $2.67.

Biomerica (NASDAQ:BMRA) last released its earnings results on Friday, August 30th. The company reported ($0.08) EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of ($0.08). The company had revenue of $1.17 million during the quarter, compared to analysts’ expectations of $1.36 million. Biomerica had a negative net margin of 46.01% and a negative return on equity of 58.31%. As a group, analysts predict that Biomerica will post -0.34 earnings per share for the current year.

A hedge fund recently bought a new stake in Biomerica stock. Susquehanna International Group LLP acquired a new stake in Biomerica, Inc. (NASDAQ:BMRA) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 17,688 shares of the company’s stock, valued at approximately $46,000. Susquehanna International Group LLP owned 0.18% of Biomerica as of its most recent SEC filing. 1.24% of the stock is owned by hedge funds and other institutional investors.

About Biomerica

Biomerica, Inc, together with its subsidiaries, develops, manufactures, and markets medical diagnostic products for the early detection and monitoring of chronic diseases and medical conditions. The company's diagnostic test kits are used to analyze blood, urine, or fecal samples from patients in the diagnosis of various diseases and other medical complications; or to measure the level of specific hormones, antibodies, antigens, or other substances, which exist in the human body in extremely small concentrations.

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