The CEO of Bio-Techne Corporation (NASDAQ: TECH) is Buying Shares

By Carrie Williams

Today, the CEO of Bio-Techne Corporation (TECHResearch Report), Charles Kummeth, bought shares of TECH for $37K.

Following Charles Kummeth’s last TECH Buy transaction on August 15, 2019, the stock climbed by 2.8%.

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Based on Bio-Techne Corporation’s latest earnings report for the quarter ending June 30, the company posted quarterly revenue of $192 million and quarterly net profit of $16.42 million. In comparison, last year the company earned revenue of $180 million and had a net profit of $40.86 million. The company has a one-year high of $217.16 and a one-year low of $132.75. TECH’s market cap is $7.16B and the company has a P/E ratio of 79.27.

Starting in February 2019, TECH received 4 Buy ratings in a row.

The insider sentiment on Bio-Techne Corporation has been positive according to 23 insider trades in the past three months. This sentiment is slightly higher than the average sentiment of company insiders in this sector.

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Bio-Techne Corp. engages in the development, manufacture and sale of biotechnology reagents and instruments for the research and clinical diagnostic markets. It operates through the following segments: Biotechnology, Protein Platforms, Diagnostics, and Corporate.