Alpha Teknova (TKNO) to Release Earnings on Wednesday

Alpha Teknova (NASDAQ:TKNO – Get Rating) is set to release its earnings data after the market closes on Wednesday, March 15th. Persons that wish to listen to the company’s conference call can do so using this link.

Alpha Teknova Price Performance

NASDAQ TKNO opened at $5.04 on Wednesday. The company has a 50 day simple moving average of $5.67 and a 200-day simple moving average of $4.79. The company has a debt-to-equity ratio of 0.15, a current ratio of 5.68 and a quick ratio of 4.85. The firm has a market capitalization of $141.57 million, a price-to-earnings ratio of -3.73 and a beta of 0.33. Alpha Teknova has a 52-week low of $3.02 and a 52-week high of $18.34.

Analyst Upgrades and Downgrades

A number of research firms recently commented on TKNO. Cowen dropped their price objective on Alpha Teknova from $13.00 to $8.00 in a report on Thursday, November 10th. Stephens dropped their price objective on Alpha Teknova to $12.00 in a report on Wednesday, November 16th. Finally, Cowen lowered their price target on Alpha Teknova from $13.00 to $8.00 in a report on Thursday, November 10th.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Wellington Management Group LLP lifted its holdings in shares of Alpha Teknova by 27.7% during the first quarter. Wellington Management Group LLP now owns 1,333,638 shares of the company’s stock valued at $18,418,000 after acquiring an additional 289,433 shares during the period. Millennium Management LLC increased its position in Alpha Teknova by 100.4% in the second quarter. Millennium Management LLC now owns 656,981 shares of the company’s stock worth $5,519,000 after purchasing an additional 329,213 shares during the period. State Street Corp increased its position in Alpha Teknova by 8.5% in the second quarter. State Street Corp now owns 127,551 shares of the company’s stock worth $1,071,000 after purchasing an additional 9,955 shares during the period. Geode Capital Management LLC increased its position in Alpha Teknova by 2.1% in the fourth quarter. Geode Capital Management LLC now owns 126,055 shares of the company’s stock worth $710,000 after purchasing an additional 2,593 shares during the period. Finally, Renaissance Technologies LLC increased its position in Alpha Teknova by 101.5% in the fourth quarter. Renaissance Technologies LLC now owns 65,100 shares of the company’s stock worth $367,000 after purchasing an additional 32,800 shares during the period. 22.74% of the stock is owned by institutional investors.

About Alpha Teknova

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Alpha Teknova, Inc provides critical reagents for life sciences market in the United States and internationally. Its reagents enable the discovery, development, and production of biopharmaceutical products, such as drug therapies, novel vaccines, and molecular diagnostics. The company offers pre-poured media plates for cell growth and cloning; liquid cell culture media and supplements for cellular expansion; and molecular biology reagents for sample manipulation, resuspension, and purification.