Why OraSure Technologies, Inc. Zoomed Higher Today
OraSure Technologies (NASDAQ: OSUR) is up 18.6% at 3:42 p.m. EST Tuesday after the company announced that it entered into a $143 million agreement to supply its Oragene devices to an undisclosed consumer genomics customer.
The announcement came in the form of an 8-K with the Securities Exchange Commission, not a press release, as would be typical for a big announcement. Considering that OraSure had $111.8 million in product revenue through the first nine months of the year, $143 million would seem to be a big announcement.
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Source: Fool.com
Orasure Tech Stock
€3.94
-0.510%
Currently there is a rather positive sentiment for Orasure Tech with 3 Buy predictions and 1 Sell predictions.
Based on the current price of 3.94 € the target price of 8 € shows a potential of 103.05% for Orasure Tech which would more than double the current price.
