Chembio Diagnostics Inc. (NASDAQ:CEMI) traded at a new 52-week low today of $2.18. So far today approximately 115,000 shares have been exchanged, as compared to an average 30-day volume of 513,000 shares.
Chembio Diagnostics Inc. (NASDAQ:CEMI) has potential upside of 16.6% based on a current price of $2.20 and analysts’ consensus price target of $2.56.
Over the past year, Chembio Diagnostics Inc. has traded in a range of $2.18 to $8.75 and is now at $2.20.
Chembio Diagnostics Inc is a company that develops, manufactures, and commercializes point-of-care diagnostic tests that detect infectious diseases. The products of the company include rapid tests for the detection of HIV 1/2 antibodies and a multiplex rapid test for the detection of HIV and syphilis antibodies. The company offered rapid medical tests that are offered in Africa, Asia, Europe, and the Middle East, Latin America and the United States, of which key revenue is derived from Latin America.
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