Bionano Genomics (NASDAQ:BNGO) Sets New 1-Year Low – What’s Next?

Bionano Genomics, Inc. (NASDAQ:BNGO)’s stock price reached a new 52-week low during trading on Monday . The company traded as low as $6.04 and last traded at $6.02, with a volume of 160997 shares trading hands. The stock had previously closed at $7.29.

Wall Street Analyst Weigh In

Separately, LADENBURG THALM/SH SH lowered Bionano Genomics from a “buy” rating to a “neutral” rating in a research note on Friday, November 15th.

Bionano Genomics Price Performance

The company has a current ratio of 1.43, a quick ratio of 0.99 and a debt-to-equity ratio of 0.07. The stock’s 50-day moving average is $13.26 and its two-hundred day moving average is $21.55.

Institutional Investors Weigh In On Bionano Genomics

Several institutional investors and hedge funds have recently modified their holdings of BNGO. Carret Asset Management LLC grew its position in Bionano Genomics by 89.0% in the 3rd quarter. Carret Asset Management LLC now owns 85,055 shares of the company’s stock valued at $39,000 after acquiring an additional 40,055 shares in the last quarter. GSA Capital Partners LLP acquired a new position in shares of Bionano Genomics in the third quarter valued at approximately $46,000. Finally, Geode Capital Management LLC grew its holdings in shares of Bionano Genomics by 47.3% in the third quarter. Geode Capital Management LLC now owns 882,854 shares of the company’s stock valued at $401,000 after purchasing an additional 283,639 shares in the last quarter. Hedge funds and other institutional investors own 11.35% of the company’s stock.

Bionano Genomics Company Profile

Bionano Genomics, Inc provides genome analysis software that enables genomics labs to analyze and interpret data across a range of platforms to generate informative data visualizations for streamlined and simple reporting of causal variants. It offers Saphyr, a sample-to-result solution for structural variation analysis by optical genome mapping for genome analysis and understanding of genetic variation and function; Saphyr instrument, a single-molecule imager; Saphyr Chip, a consumable that packages the nanochannel arrays for DNA linearization; and Bionano Prep Kits and DNA labeling kits, which provide the reagents and protocols for extracting and labeling ultra-high molecular weight DNA.