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CEMI

Chembio Diagnostics

$5.55

-0.39 (-6.57%)

09:32
06/27/19
06/27
09:32
06/27/19
09:32

Chembio receives CE mark for multiplex test for Zika, Dengue, Chikungunya

Chembio Diagnostics announced that is has obtained a CE mark for its DPP Zika/Dengue/Chikungunya multiplex test system. Chembio's DPP Zika/Dengue/Chikungunya multiplex test allows simultaneous and discrete detection of antibodies for both active and prior exposure to the Zika, dengue, and chikungunya viruses, which is important for both treatment and surveillance. The test is performed using a small drop of fingertip blood and provides quantitative results in approximately 15 minutes when used with the company's handheld DPP Micro Reader.

CEMI Chembio Diagnostics
$5.55

-0.39 (-6.57%)

07/11/18
BNCH
07/11/18
INITIATION
Target $14
BNCH
Buy
Chembio Diagnostics assumed with a Buy from a Speculative Buy at Benchmark
Benchmark analyst Bruce Jackson assumed coverage of Chembio Diagnostics with a Buy rating and $14 price target, stating that he sees the company benefitting from several incremental growth opportunities and that its new product pipeline is "well-stocked." The stock was previously covered by Raymond Myers, who'd had a Speculative Buy rating on Chembio.
12/19/18
DOTC
12/19/18
INITIATION
Target $12
DOTC
Buy
Chembio Diagnostics initiated with a Buy at Dougherty
Dougherty analyst Kyle Bauser initiated Chembio Diagnostics with a Buy and $12 price target.
01/04/19
ADAM
01/04/19
INITIATION
Target $9
ADAM
Buy
Chembio Diagnostics initiated with a Buy at Canaccord
Canaccord analyst Mark Massaro initiated Chembio Diagnostics with a Buy rating as he believes it is an underappreciated player in the very attractive point-of-care diagnostics space. The analyst said Chembio has best-in-class test accuracy and he likes its third party partnerships model. He also believes it can increase U.S. market share and make an even greater impact outside of the United States. Massaro has a $9 price target on Chembio Diagnostics shares.
06/17/19
BNCH
06/17/19
NO CHANGE
Target $9
BNCH
Speculative Buy
Chembio Diagnostics price target lowered to $9 from $14 at Benchmark
Benchmark analyst Bruce Jackson said he is taking a more conservative approach to his 2020 revenue estimates for Chembio Diagnostics and using a more conservative multiple, which lowered his price target on the stock to $9 from $14. Management guidance for 2019 is expected to be backend loaded and he cites the "binary nature" of potential contracts for his more cautious stance. Jackson keeps a Speculative Buy rating on Chembio shares.

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