Biomerica (NASDAQ:BMRA) Stock Passes Above Two Hundred Day Moving Average – Time to Sell?

Biomerica, Inc. (NASDAQ:BMRAGet Free Report)’s share price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $0.36 and traded as high as $0.56. Biomerica shares last traded at $0.51, with a volume of 1,455,581 shares.

Biomerica Price Performance

The business has a 50 day moving average of $0.40 and a 200 day moving average of $0.36. The firm has a market capitalization of $9.28 million, a price-to-earnings ratio of -1.49 and a beta of -0.98.

Biomerica (NASDAQ:BMRAGet Free Report) last announced its quarterly earnings data on Tuesday, January 14th. The company reported ($0.06) EPS for the quarter. Biomerica had a negative return on equity of 90.19% and a negative net margin of 100.52%.

About Biomerica

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Biomerica, Inc, a biomedical technology company, develops, patents, manufactures, and markets diagnostic and therapeutic products for the detection and/or treatment of medical conditions and diseases worldwide. The company's diagnostic test kits are used to analyze blood, urine, nasal or fecal specimens from patients in the diagnosis of various diseases, food intolerances, and other medical complications; or to measure bacteria, hormones, antibodies, antigens, or other substances which may exist in the human body, stools, or blood in extremely small concentrations.

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