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Chembio (CEMI) Jumps: Stock Rises 7.1%

Zacks Equity Research

Chembio Diagnostics, Inc. CEMI was a big mover last session, as the company saw its shares rise more than 7% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This continues the recent uptrend for the company—as the stock is now up 265.6% in the past one-month time frame.

The stock gained after the company received the Emergency Use Authorization for its DPP COVID-19 System, which is a serological point-of-care test and analyzer.

The company has seen no changes when it comes to estimate revision over the past few weeks, while the Zacks Consensus Estimate for the current quarter has also remained unchanged. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.

Chembio Diagnostics, Inc. Price

Chembio Diagnostics, Inc. Price

Chembio Diagnostics, Inc. price | Chembio Diagnostics, Inc. Quote

Chembio currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.

A better-ranked stock in the Medical - Products industry is Nephros Inc. NEPH, which currently carries a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

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