StockNews.com downgraded shares of Meridian Bioscience (NASDAQ:VIVO – Get Rating) from a buy rating to a hold rating in a research report sent to investors on Tuesday morning.

VIVO has been the topic of a number of other reports. HC Wainwright cut shares of Meridian Bioscience from a buy rating to a neutral rating and boosted their target price for the company from $30.00 to $34.00 in a research note on Friday, July 8th. William Blair downgraded Meridian Bioscience from an outperform rating to a market perform rating in a research report on Thursday, July 7th.

Meridian Bioscience Stock Performance

Shares of Meridian Bioscience stock opened at $32.71 on Tuesday. The firm has a market capitalization of $1.43 billion, a P/E ratio of 33.04 and a beta of 0.28. The company has a current ratio of 3.52, a quick ratio of 2.60 and a debt-to-equity ratio of 0.07. The business's fifty day simple moving average is $30.99 and its 200 day simple moving average is $27.48. Meridian Bioscience has a 12 month low of $17.20 and a 12 month high of $34.38.

Insider Buying and Selling

Institutional Investors Weigh In On Meridian Bioscience

Institutional investors and hedge funds have recently bought and sold shares of the stock. FMR LLC raised its position in shares of Meridian Bioscience by 218.6% during the 2nd quarter. FMR LLC now owns 1,950,987 shares of the company's stock valued at $59,350,000 after buying an additional 1,338,620 shares in the last quarter. Epoch Investment Partners Inc. bought a new stake in Meridian Bioscience during the fourth quarter worth about $14,348,000. Fuller & Thaler Asset Management Inc. boosted its holdings in shares of Meridian Bioscience by 129.1% in the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 455,665 shares of the company's stock worth $9,296,000 after purchasing an additional 256,729 shares in the last quarter. Fort Washington Investment Advisors Inc. OH increased its position in shares of Meridian Bioscience by 44.6% during the 1st quarter. Fort Washington Investment Advisors Inc. OH now owns 640,418 shares of the company's stock valued at $16,625,000 after purchasing an additional 197,550 shares during the last quarter. Finally, Renaissance Technologies LLC raised its holdings in shares of Meridian Bioscience by 10.7% during the 2nd quarter. Renaissance Technologies LLC now owns 2,031,764 shares of the company's stock valued at $61,806,000 after buying an additional 197,000 shares in the last quarter. 94.72% of the stock is owned by hedge funds and other institutional investors.

Meridian Bioscience Company Profile

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Meridian Bioscience, Inc, a life science company, develops, manufactures, distributes, and sells diagnostic test kits primarily for gastrointestinal and respiratory infectious diseases, and elevated blood lead levels worldwide. The company operates through Diagnostics and Life Science segments. The Diagnostics segment offers testing platforms, including real-time PCR amplification under the Revogene brand; isothermal DNA amplification under the Alethia brand; lateral flow immunoassay using fluorescent chemistry under the Curian brand; rapid immunoassay under the ImmunoCard and ImmunoCard STAT! brands; enzyme-linked immunoassays under the PREMIER brand; anodic stripping voltammetry under the LeadCare brands; and urea breath testing for H.

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