StockNews.com began coverage on shares of Trinity Biotech (NASDAQ:TRIB – Free Report) in a research report report published on Saturday morning. The brokerage issued a sell rating on the stock.
Trinity Biotech Stock Performance
NASDAQ:TRIB opened at $0.69 on Friday. Trinity Biotech has a one year low of $0.63 and a one year high of $3.55. The business’s 50-day simple moving average is $0.79 and its 200 day simple moving average is $1.13. The stock has a market cap of $12.53 million, a price-to-earnings ratio of -0.31 and a beta of 1.20.
Hedge Funds Weigh In On Trinity Biotech
A hedge fund recently raised its stake in Trinity Biotech stock. Hunter Associates Investment Management LLC increased its holdings in Trinity Biotech plc (NASDAQ:TRIB – Free Report) by 5.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 378,590 shares of the company’s stock after buying an additional 18,780 shares during the quarter. Hunter Associates Investment Management LLC’s holdings in Trinity Biotech were worth $334,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 78.97% of the company’s stock.
About Trinity Biotech
Trinity Biotech plc acquires, together with its subsidiaries, develops, acquires, manufactures, and markets medical diagnostic products for the clinical laboratory and point-of-care (POC) segments of the diagnostic market in the Americas and Ireland. The company offers clinical laboratory products, including diagnostic tests and instrumentation, which detects infectious diseases; sexually transmitted diseases consisting of syphilis and herpes; SARS-CoV-2; and epstein barr, measles, mumps, toxoplasmosis, cytomegalovirus, rubella, varicella and other viral pathogens, as well as products for the in-vitro diagnostic testing for haemoglobin A1c used in the monitoring and diagnosis of diabetes, and identifying those who are at a risk of developing diabetes.
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