TECH
Bio-Techne Corporation Healthcare - Life Sciences Investor Relations →
Bio-Techne Corporation (TECH) closed at $66.78 as of 2026-02-02, trading 6.6% below its 200-week moving average of $71.49. This places TECH in the deep value zone. The stock moved further from the line this week, up from -10.6% last week. The 14-week RSI sits at 56, indicating neutral momentum.
Over the past 1882 weeks of data, TECH has crossed below its 200-week moving average 18 times. On average, these episodes lasted 16 weeks. Historically, investors who bought TECH at the start of these episodes saw an average one-year return of +10.6%.
With a market cap of $10.4 billion, TECH is a large-cap stock. The company generates a free cash flow yield of 2.3%. Return on equity stands at 4.0%. The stock trades at 5.2x book value.
Over the past 33.2 years, a hypothetical investment of $100 in TECH would have grown to $7402, compared to $2849 for the S&P 500. That represents an annualized return of 13.9% vs 10.6% for the index — confirming TECH as a market-beating investment and the kind of quality company where buying during 200-week moving average touches has historically been rewarded.
Free cash flow has been volatile over the past several years, making the quality of earnings harder to assess.
Growth of $100: TECH vs S&P 500
Monthly data normalized to $100 at start. Vertical dashed lines mark 200-week MA touches.
What Happens After TECH Crosses Below the Line?
Across 18 historical episodes, buying TECH when it crossed below its 200-week moving average produced an average return of +11.7% after 12 months (median +15.0%), compared to +19.3% for the S&P 500 over the same periods. 67% of those episodes were profitable after one year. After 24 months, the average return was +30.9% vs +40.9% for the index.
Each line shows $100 invested at the moment TECH crossed below its 200-week MA. Bold blue = stock average. Gray dashed = S&P 500 average over same periods.
Historical Touches
TECH has crossed below its 200-week MA 18 times with an average 1-year return of +10.6% after recovery.
| Crossed Below | Recovered | Weeks | Max Depth | 1-Year Return | Return Since Touch |
|---|---|---|---|---|---|
| Jun 1994 | Feb 1995 | 32 | 13.4% | +31.7% | +12357.3% |
| Apr 2002 | May 2002 | 3 | 1.5% | -21.7% | +1092.9% |
| Jul 2002 | Aug 2002 | 6 | 14.0% | +26.3% | +1164.2% |
| Aug 2002 | Sep 2002 | 2 | 2.2% | +18.6% | +1024.4% |
| Dec 2002 | Aug 2003 | 36 | 39.5% | +25.2% | +973.4% |
| Sep 2003 | Oct 2003 | 3 | 3.7% | +22.6% | +899.7% |
| Feb 2009 | May 2009 | 13 | 20.9% | +14.0% | +479.7% |
| May 2009 | May 2009 | 1 | 0.1% | +2.8% | +428.3% |
| Jul 2009 | Jul 2009 | 1 | 0.4% | -1.9% | +426.7% |
| May 2010 | Oct 2010 | 20 | 8.3% | +36.5% | +413.7% |
| Oct 2010 | Nov 2010 | 5 | 2.9% | +17.7% | +406.7% |
| Nov 2011 | Nov 2011 | 1 | 3.2% | +17.7% | +385.3% |
| Apr 2013 | May 2013 | 4 | 2.6% | +31.0% | +354.2% |
| Sep 2022 | Nov 2022 | 7 | 8.5% | -4.3% | -6.8% |
| Jan 2023 | Apr 2023 | 10 | 10.8% | -16.3% | -14.4% |
| Apr 2023 | May 2023 | 3 | 2.1% | -19.4% | -15.3% |
| Jun 2023 | Jul 2023 | 5 | 7.5% | -0.6% | -13.8% |
| Jul 2023 | Ongoing | 132+ | 43.1% | Ongoing | -17.7% |
| Average | 16 | — | +10.6% | — |
Not financial advice. This is an educational tool. Past performance does not guarantee future results. Do your own research before making investment decisions.
Data as of Friday close, 2026-02-02