Separately, ValuEngine cut Harvard Bioscience from a buy rating to a hold rating in a research report on Tuesday, November 13th.
Shares of Harvard Bioscience stock opened at $4.01 on Monday. The firm has a market capitalization of $145.43 million, a PE ratio of 80.20 and a beta of 1.38. The company has a quick ratio of 1.49, a current ratio of 2.83 and a debt-to-equity ratio of 0.73. Harvard Bioscience has a 12 month low of $2.75 and a 12 month high of $6.70.
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. First Light Asset Management LLC boosted its position in Harvard Bioscience by 5.4% during the third quarter. First Light Asset Management LLC now owns 6,270,115 shares of the medical instruments supplier’s stock valued at $32,918,000 after purchasing an additional 319,101 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in Harvard Bioscience by 2.4% during the third quarter. Dimensional Fund Advisors LP now owns 1,984,029 shares of the medical instruments supplier’s stock valued at $10,416,000 after purchasing an additional 46,089 shares during the last quarter. Marshall Wace LLP acquired a new stake in Harvard Bioscience during the third quarter valued at $123,000. Royce & Associates LP boosted its position in Harvard Bioscience by 2.2% during the third quarter. Royce & Associates LP now owns 1,599,700 shares of the medical instruments supplier’s stock valued at $8,398,000 after purchasing an additional 34,700 shares during the last quarter. Finally, Northern Trust Corp boosted its position in Harvard Bioscience by 339.6% during the second quarter. Northern Trust Corp now owns 391,154 shares of the medical instruments supplier’s stock valued at $2,093,000 after purchasing an additional 302,184 shares during the last quarter. 75.05% of the stock is owned by hedge funds and other institutional investors.
Harvard Bioscience Company Profile
Harvard Bioscience, Inc develops, manufactures, and markets scientific instruments, systems, and lab consumables used in life science basic research, drug discovery, and clinical and environmental testing. The company offers physiology, cell, and molecular instruments, such as traditional syringe pump and peristaltic pump products, as well as a range of instruments and accessories for tissue, organ, and animal based lab research under the Harvard Apparatus, CMA Microdialysis, Panlab, Coulbourn, and Hugo Sachs brands; and spectrophotometers, microplate readers, amino acid analyzers, gel electrophoresis equipment, and electroporation instruments that are marketed under the Biochrom, Libra, WPA, BioDrop, Hoefer, Scie-plas, and BTX brand names.
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