StockNews.com Initiates Coverage on Trinity Biotech (NASDAQ:TRIB)

StockNews.com started coverage on shares of Trinity Biotech (NASDAQ:TRIBFree Report) in a research note released on Friday morning. The firm issued a buy rating on the stock.

Trinity Biotech Stock Performance

Trinity Biotech stock opened at $1.99 on Friday. The business’s 50-day simple moving average is $2.54 and its 200-day simple moving average is $2.22. Trinity Biotech has a 52 week low of $1.49 and a 52 week high of $4.59.

Trinity Biotech (NASDAQ:TRIBGet Free Report) last issued its quarterly earnings results on Wednesday, August 14th. The company reported ($0.55) EPS for the quarter, topping analysts’ consensus estimates of ($0.65) by $0.10. The business had revenue of $15.84 million for the quarter, compared to analyst estimates of $15.75 million. As a group, research analysts predict that Trinity Biotech will post -1.91 earnings per share for the current year.

About Trinity Biotech

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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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