Neil A. Goldman Purchases 14,815 Shares of Chembio Diagnostics Inc (CEMI) Stock

Chembio Diagnostics Inc (NASDAQ:CEMI) CFO Neil A. Goldman acquired 14,815 shares of the business’s stock in a transaction on Tuesday, February 13th. The shares were bought at an average cost of $6.75 per share, with a total value of $100,001.25. Following the completion of the acquisition, the chief financial officer now owns 14,815 shares in the company, valued at $100,001.25. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

Shares of Chembio Diagnostics Inc (NASDAQ CEMI) opened at $7.80 on Thursday. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.54 and a quick ratio of 2.19. Chembio Diagnostics Inc has a fifty-two week low of $5.05 and a fifty-two week high of $9.20.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Royce & Associates LP grew its holdings in shares of Chembio Diagnostics by 367.6% in the fourth quarter. Royce & Associates LP now owns 102,400 shares of the company’s stock valued at $840,000 after purchasing an additional 80,500 shares in the last quarter. Benchmark Capital Advisors grew its holdings in shares of Chembio Diagnostics by 101.9% in the fourth quarter. Benchmark Capital Advisors now owns 66,417 shares of the company’s stock valued at $545,000 after purchasing an additional 33,517 shares in the last quarter. Goldman Sachs Group Inc. purchased a new position in shares of Chembio Diagnostics in the second quarter valued at $151,000. Finally, Wells Fargo & Company MN grew its holdings in shares of Chembio Diagnostics by 55.4% in the second quarter. Wells Fargo & Company MN now owns 74,186 shares of the company’s stock valued at $449,000 after purchasing an additional 26,436 shares in the last quarter. 34.00% of the stock is owned by institutional investors and hedge funds.

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About Chembio Diagnostics

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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