(VIANEWS) – Shares of Pacific Biosciences of California (NASDAQ: PACB) dropped by a staggering 16.36% in 5 sessions from $9.84 at -16.36, to $8.23 at 10:59 EST on Friday, after four successive sessions in a row of losses. NASDAQ is dropping 0.67% to $11,262.40, following the last session’s downward trend.
Pacific Biosciences of California’s last close was $8.77, 38.24% below its 52-week high of $14.20.
About Pacific Biosciences of California
Pacific Biosciences of California, Inc. designs, develops, and manufactures sequencing systems to resolve genetically complex problems. The company provides PacBio's Systems, which conduct, monitor, and analyse biochemical sequencing reactions; consumable products, including single molecule real-time (SMRT) cells; and various reagent kits designed for specific workflow, such as template preparation kit to convert DNA into SMRTbell double-stranded DNA library formats, including molecular biology reagents, such as ligase, buffers, and exonucleases. It also offers binding kits, such as modified DNA polymerase used to bind SMRTbell libraries to the polymerase in preparation for sequencing; and sequencing kits comprise reagents required for on-instrument, real-time sequencing, including the phospholinked nucleotides. The company serves research institutions; commercial laboratories; genome centers; public health labs, hospitals and clinical research institutes, contract research organizations, and academic institutions; pharmaceutical companies; and agricultural companies. It markets its products through a direct sales force in North America and Europe, as well as through distribution partners in Asia, Europe, the Middle East, Africa, and Latin America. Pacific Biosciences of California, Inc. has a development and commercialization agreement with Invitae Corporation. The company was formerly known as Nanofluidics, Inc. and changed its name to Pacific Biosciences of California, Inc. in 2005. Pacific Biosciences of California, Inc. was incorporated in 2000 and is headquartered in Menlo Park, California.
Earnings Per Share
As for profitability, Pacific Biosciences of California has a trailing twelve months EPS of $-0.34.
The company’s return on equity, which measures the profitability of a business relative to shareholder’s equity, for the twelve trailing months is negative -40.78%.
Sales Growth
Pacific Biosciences of California’s sales growth is negative 27.1% for the ongoing quarter and 5.5% for the next.
More news about Pacific Biosciences of California (PACB).
