Abaxis (ABAX) Loses “Buy” Rating

May 16, 2018 - By Vivian Park

Abaxis, Inc. (NASDAQ:ABAX) Logo

Investors sentiment decreased to 1.27 in Q4 2017. Its down 0.05, from 1.32 in 2017Q3. It is negative, as 12 investors sold Abaxis, Inc. shares while 40 reduced holdings. 25 funds opened positions while 41 raised stakes. 21.66 million shares or 0.81% less from 21.83 million shares in 2017Q3 were reported.

Vanguard Grp Inc invested in 0% or 2.08 million shares. 707,836 are held by Dimensional Fund Advsrs Ltd Partnership. Ameritas Invest holds 1,894 shares. Louisiana State Employees Retirement Systems reported 9,800 shares stake. State Common Retirement Fund owns 0.02% invested in Abaxis, Inc. (NASDAQ:ABAX) for 388,443 shares. Wesbanco Bancorp holds 0.02% in Abaxis, Inc. (NASDAQ:ABAX) or 5,500 shares. Advisory Service Networks Ltd owns 53 shares. Victory Cap Management Incorporated has invested 0% in Abaxis, Inc. (NASDAQ:ABAX). State Street holds 0% of its portfolio in Abaxis, Inc. (NASDAQ:ABAX) for 602,582 shares. Zurcher Kantonalbank (Zurich Cantonalbank) has invested 0% in Abaxis, Inc. (NASDAQ:ABAX). Northwestern Mutual Wealth Management holds 127 shares or 0% of its portfolio. Principal Gp holds 177,030 shares or 0.01% of its portfolio. The Switzerland-based Credit Suisse Ag has invested 0% in Abaxis, Inc. (NASDAQ:ABAX). Zebra Cap Limited Liability Com stated it has 18,643 shares. Moreover, Texas Permanent School Fund has 0.01% invested in Abaxis, Inc. (NASDAQ:ABAX).

Since January 30, 2018, it had 0 buys, and 10 insider sales for $2.85 million activity. Shares for $689,851 were sold by WOOD DONALD PETER. On Tuesday, March 6 Henkel Achim sold $304,953 worth of Abaxis, Inc. (NASDAQ:ABAX) or 4,400 shares. On Thursday, March 8 the insider CASEY MICHAEL D sold $355,327. $122,652 worth of Abaxis, Inc. (NASDAQ:ABAX) shares were sold by TOCKMAN CRAIG. Another trade for 1,412 shares valued at $98,266 was sold by ARON KENNETH. Another trade for 4,500 shares valued at $333,460 was made by EVENHUIS HENK on Tuesday, January 30.

Abaxis (ABAX) Receives a Downgrade

Sidoti downgraded their rating for shares of Abaxis (ABAX) from “Buy” to “Neutral” in a note that was revealed to clients and investors on Wednesday, 16 May.

The stock increased 16.15% or $11.59 during the last trading session, reaching $83.34. About 4.19 million shares traded or 2804.89% up from the average. Abaxis, Inc. (ABAX) has risen 44.47% since May 17, 2017 and is uptrending. It has outperformed by 32.92% the S&P500.

Analysts await Abaxis, Inc. (NASDAQ:ABAX) to report earnings on July, 26. They expect $0.35 EPS, up 25.00 % or $0.07 from last year’s $0.28 per share. ABAX’s profit will be $7.95M for 59.53 P/E if the $0.35 EPS becomes a reality. After $0.42 actual EPS reported by Abaxis, Inc. for the previous quarter, Wall Street now forecasts -16.67 % negative EPS growth.

Abaxis, Inc. develops, manufactures, markets, and sells portable blood analysis systems for use in human or veterinary patient care settings to provide rapid blood constituent measurements for clinicians worldwide. The company has market cap of $1.89 billion. It operates in two divisions, Medical Market and Veterinary Market. It has a 77.17 P/E ratio. The firm offers Piccolo chemistry analyzers with rapid blood constituent measurements for use in human patient care; and Piccolo profiles that are single-use medical reagents.

More notable recent Abaxis, Inc. (NASDAQ:ABAX) news were published by: Themiddlemarket.com which released: “M&A daily wrap: NFL’s Carolina Panthers, Cam Newton, David Tepper, Appaloosa, Brynwood Partners” on May 16, 2018, also Nasdaq.com with their article: “Mid-Morning Market Update: Markets Edge Higher; Macy’s Tops Q1 Estimates” published on May 16, 2018, Prnewswire.com published: “ALERT: Rowley Law PLLC is Investigating Proposed Acquisition of Abaxis, Inc.” on May 16, 2018. More interesting news about Abaxis, Inc. (NASDAQ:ABAX) were released by: Fool.com and their article: “Why Under Armour, Boot Barn Holdings, and Abaxis Jumped Today” published on May 16, 2018 as well as Benzinga.com‘s news article titled: “40 Stocks Moving In Wednesday’s Mid-Day Session” with publication date: May 16, 2018.

Abaxis, Inc. (NASDAQ:ABAX) Institutional Positions Chart

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our free daily email newsletter: