Bio-Imaging Technologies Inc. is a NASDAQ listed security that has been trading in a range between $3.51 and $9.40 over the past year. With 11,593,840 shares outstanding, a recent price of $7.07 gives a total market capitalization of $81,272,821. While there are certainly larger companies, Bio-Imaging Technologies Inc. has definitely earned its place in the pack. Last year, Bio-Imaging Technologies Inc. created $0.12 in earnings for every share outstanding.
Bio-Imaging Technologies Inc. is currently priced by the market at 60.10 times last year’s earnings. Many trading multiples around the world are quite attractive these days, but don’t be fooled. A Price to Earnings ratio of 0 simply means that the security didn’t make any money last year.
With a share price under $50 a share and earnings per share below $1 a share, Bio-Imaging Technologies Inc. could be an interesting value proposition. Consistent earnings are the key to high valuations and this security is well on its way.
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