Helping to save your life without you even knowing it, the penny stock of BioLife Solutions, Inc. (BLFS) has been on absolute fire over the last 3 months and hardly anyone knows about it. Makers of hypothermic storage and cryopreservation freeze media products, BLFS stock has managed to creep up over $1 from where they began in August after setting a new 52 week high this afternoon. With banging revenues flowing in and a recent deal for precision thermal packaging products to the stem cells and regenerative medicine markets, hot is an understatement for what’s happening in Bothell, WA.
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BLFS Stock Quote
Market Cap: 93.15M
Last: 1.33 ▲ +0.20 (+17.70%)
Dollar Volume: $120,151
Issued and Outstanding: 70,035,710
14-Day Rel Strength: 88.01%
1st Resistance Point: 1.49
1st Support Level: 1.12
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Primarily from their proprietary HypoThermosol® and CryoStor® platform of solutions are marketed to academic and commercial organizations involved in the biobanking, drug discovery, and regenerative medicine markets, BioLife Solutions managed to somehow fly under the radar of a lot of investors until today. Hard to imagine such a thing could happen when the rally began after the Company reported a 113% increase in Q2 versus the same period in 2012.
Offering products which include patented biopreservation media products for cells, tissues, and organs; generic formulations of blood stem cell freezing media products; custom product formulation and custom packaging services; and contract aseptic manufacturing formulation, fill, and finish services of liquid media products, sales nearly topped $4 million ($3,880,863) for the 6 months ended June 30, 2013. With the regenerative medicine market is expected to grow to more than $35 billion by 2019, there is no stopping this Company, especially having put SAVSU Technologies, Inc., a subsidiary of Barson Corporation in bed with them a month ago.
As of the HOD today, BLFS managed to pt up gains worth 246% from their 0.38 low back on August 8. With volume having picked up these last 2 sessions and BLFS stock on the brink of having their 5th consecutive green close, radars should be honing in on this tonight with high expectations of some big Q3 numbers due to come out soon.
About BLFS Stock
BioLife Solutions, Inc. develops, manufactures and markets patented hypothermic storage and cryopreservation solutions for cells and tissues.
Last 5 Trading Sessions:
BLFS is having a wonderful trading session with the obvious pull back off the HOD of 1.46. Seeing as how few penny stock traders have taken note of BLFS stock, Friday could be a huge day and fantastic end of a green trading week leading up the a very anticipated Q3 filing to come.
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