Stock News Buzz: Bio-Techne Corporation (NASDAQ:TECH)

Bio-Techne Corporation (NASDAQ:TECH)  changed -2.21% to recent value of $185.43. The stock transacted 189652 shares during most recent day however it has an average volume of 217.62K shares. It spotted trading -16.96% off 52-week high price. On the other end, the stock has been noted 19.50% away from the low price over the last 52-weeks.

On April 1, 2020, Bio-Techne Corporation (NASDAQ:TECH) released a member of its board of directors, Dr. Roeland Nusse, has become one of the 2020 Canada Gairdner International Award recipients.

The Gairdner Foundation was established in 1957 with the main goal of recognizing and rewarding international excellence in fundamental research that impacts human health. Annually, seven awards are given: five Canada Gairdner International Awards for biomedical research, one John Dirks Canada Gairdner Global Health Award, specifically for impact on global health issues, and one Canada Gairdner Wightman Award, reserved for a Canadian. To date 395 awards have been bestowed on laureates from 35 countries and of those awardees, 92 have gone on to receive Nobel Prizes. Laureates each receive Can$100,000.

Dr. Nusse was one of five recent recipients of the Canada Gairdner International Award for pioneering work on the Wnt signaling pathway and its importance in development, cancer and stem cells announced on March 31, 2020. Among Dr. Nusse’s contributions is the original discovery of the first Wnt gene (together with Harold Varmus) as an oncogene in mouse breast cancer. Afterwards Dr. Nusse identified the Drosophila Wnt homolog as a key developmental gene, Wingless. This led to the appreciation of the links between normal cell development and cancer when these pathways are dis-regulated. Dr. Nusse used the fruit fly (Drosophila) genetics to elucidate the function of beta-catenin as a mediator of Wnt signaling and the Frizzleds as Wnt receptors, work done in collaboration with Jeremy Nathans.

TECH has a gross margin of 66.20% and an operating margin of 21.20% while its profit margin remained 26.20% for the last 12 months. Its earnings per share (EPS) expected to touch remained 1.10% for this year while earning per share for the next 5-years is expected to reach at 11.00%.

The company has 38.75M of outstanding shares and 38.17M shares were floated in the market. According to the most recent quarter its current ratio was 4.4 that represents company’s ability to meet its current financial obligations. The price moved ahead of 3.53% from the mean of 20 days, -5.32% from mean of 50 days SMA and performed -8.99% from mean of 200 days price. Company’s performance for the week was 7.50%, -4.11% for month and YTD performance remained -15.53%.

John Gonzalez covers business and finance news. He is the only person we trust to provide breaking news in the finance category. Having already completed an Associates Degree in Psychology, John Gonzalez is now finishing his Bachelor’s degree in Communications. In preparation for working in the advertisement sector, John is writing financial content and analysis. On a daily basis, he works on articles regarding the following topics: business, top trends, technology, and politics.

Address: 7302 Benton Street, Arvada, CO 80003, USA


Zip Code: 80003

Phone Number: 303-420-7222

Leave a Reply

Your email address will not be published. Required fields are marked *