Neogen Corporation (NASDAQ:NEOG) stock observed trading -23.20% off 52-week high price. On the other end, the stock has been noted 25.35% away from low price over the last 52-weeks. The stock disclosed a move of -7.36% away from 50 day moving average and -7.90% away from 200 day moving average. Moving closer, we can see that shares have been trading 1.07% off 20-day moving average. It has market cap of $3.22B.
On March 24, 2020, Neogen Corporation (NASDAQ:NEOG) released that its revenues for the third quarter of its 2020 fiscal year, which ended Feb. 29, were $99,869,000, up 2% from the previous year’s third quarter revenues of $97,700,000. The third quarter was the 112th of the past 117 quarters that Neogen reported revenue increases as compared with the previous year — including all consecutive quarters in the past 14 years. Current year-to-date revenues were $309,096,000, also up 2% compared to $304,424,000 for the same period a year ago.
Third quarter net income was $12,200,000, compared to the prior year’s $13,073,000. Earnings per share in the current quarter were $0.23, compared to $0.25 a year ago. Current year-to-date net income was $43,128,000, or $0.82 per share, compared to $44,361,000, or $0.85 per share, for the same period a year ago.
Given the dramatic world events of the last few months, I am extremely proud of our Neogen employees who are working tirelessly to supply the worldwide demand for our products. Our mission matters more than ever; we are strategically important to the world’s ability to contain and recover from the global threat posed by COVID-19, and ensuring the safety, quality and quantity of the global food supply, said John Adent, Neogen’s president and chief executive officer. While operating results overall were disappointing for the quarter, we were encouraged by continued strong performance in our genomics services and growth in a number of our food safety product lines. Additionally, in the third quarter we made four strategic acquisitions to enhance our global footprint.
The USA based company Neogen Corporation moved with change of 3.37% to $61.31 with the total traded volume of 515689 shares in recent session versus to an average volume of 213.72K. The stock was observed in the 5 days activity at 12.27%. The one month performance of stock was -13.43%. NEOG’s shares are at -11.14% for the quarter and driving a 1.29% return over the course of the past year and is now at -6.05% since this point in 2018. Right now the stock beta is 1.18. The average volatility for the week and month was at 15.02% and 9.36% respectively. There are 52.56M shares outstanding and 52.20M shares are floated in market.