Biomerica (NASDAQ:BMRA) Research Coverage Started at B. Riley

Equities research analysts at B. Riley initiated coverage on shares of Biomerica (NASDAQ:BMRA) in a research note issued to investors on Thursday, January 4th, MarketBeat reports. The brokerage set a “buy” rating and a $7.50 price target on the stock. B. Riley’s target price indicates a potential upside of 46.20% from the company’s current price.

Separately, ValuEngine lowered shares of Biomerica from a “hold” rating to a “sell” rating in a research note on Friday, December 1st.

Biomerica (NASDAQ BMRA) traded down $0.17 during midday trading on Thursday, hitting $5.13. 402,100 shares of the stock were exchanged, compared to its average volume of 499,562. The company has a market capitalization of $43.71, a PE ratio of -39.46 and a beta of 6.22. Biomerica has a 12-month low of $1.93 and a 12-month high of $9.32.

Biomerica (NASDAQ:BMRA) last posted its quarterly earnings results on Monday, October 16th. The company reported ($0.02) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.03) by $0.01. The firm had revenue of $1.44 million for the quarter, compared to analysts’ expectations of $1.52 million. Biomerica had a negative net margin of 18.19% and a negative return on equity of 22.82%. sell-side analysts expect that Biomerica will post -0.16 earnings per share for the current year.

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About Biomerica

Biomerica, Inc is a biomedical company, which develops, manufactures and markets medical diagnostic products for the early detection and monitoring of chronic diseases and medical conditions. The Company’s medical diagnostic products are sold around the world in over two markets, including clinical laboratories and point of care (physicians’ offices and over-the-counter drugstores).

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