TECH
Bio-Techne Corporation Healthcare - Life Sciences Investor Relations →
Bio-Techne Corporation (TECH) closed at $72.37 as of 2026-09-18, trading 7.4% above its 200-week moving average of $67.40. The stock moved further from the line this week, up from 6.9% last week. With a 14-week RSI of 95, TECH is in overbought territory.
Trading volume is running at 1.0x of its 14-week average, which is in the normal range. The balance between buying and selling volume (0.98 ratio) is neutral — neither side is clearly dominating.
Over the past 1914 weeks of data, TECH has crossed below its 200-week moving average 18 times. On average, these episodes lasted 17 weeks. Historically, investors who bought TECH at the start of these episodes saw an average one-year return of +9.9%.
With a market cap of $11.3 billion, TECH is a large-cap stock. The company generates a free cash flow yield of 2.0%. Return on equity stands at 9.0%. The stock trades at 5.4x book value.
Over the past 33.8 years, a hypothetical investment of $100 in TECH would have grown to $8056, compared to $3167 for the S&P 500. That represents an annualized return of 13.9% vs 10.8% for the index — confirming TECH as a market-beating investment and the kind of quality company where buying during 200-week moving average touches has historically been rewarded.
Free cash flow has been growing at a 6.8% compound annual rate, with 4 consecutive years of positive cash generation.
Business Health
Annual financials — how the underlying business has performed over the past several years.
Cash Flow Free cash flow & net income ($M)
Revenue Annual revenue ($M) — business growth proxy
Total Debt Balance sheet debt ($M)
ROIC Return on invested capital (%)
FCF Yield Free cash flow / market cap (%) — Yartseva signal
Gross Margin Pricing power & competitive moat (%)
Shares Outstanding Buybacks vs dilution (millions)
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 +19.2% 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.
Bean Score Experimental
The Bean Score measures how far a stock's free cash flow yield has deviated from its own quarterly baseline, normalized by the stock's historical behavior. Between earnings dates, FCF is constant — so the score is purely a function of stock price. The levels below show at what prices TECH would reach each dislocation threshold.
Dislocation Price Levels
Prices where TECH's Bean Score would hit each σ threshold. Valid until next earnings report: 2026-11-09.
| Level | σ | Price | Signal |
|---|---|---|---|
| Deep Value | +2σ | $57.51 | Unusually cheap — analysis point |
| Value | +1σ | $64.24 | Cheap vs. own history |
| Fair Value | +0σ | $72.77 | Historical mean behavior |
| Expensive | -1σ | $83.90 | Expensive vs. own history |
| Deep Expensive | -2σ | $99.06 | Unusually expensive — analysis point |
Quarterly FCF & Yield Trailing twelve-month free cash flow and yield at each quarter end
Recent Earnings
| Date | EPS Est. | EPS Actual | Surprise |
|---|---|---|---|
| 2026-08-12 | $0.52 | $0.52 | +0.1% |
| 2026-05-06 | $0.53 | $0.53 | -0.8% |
| 2026-02-04 | $0.43 | $0.46 | +5.8% |
| 2025-11-05 | $0.42 | $0.42 | -0.4% |
Signal Accuracy Collecting Data
The Bean Score system is accumulating weekly data to validate signal accuracy. After 13+ weeks of history, this section will display win rates and average returns for each σ threshold crossing — answering the question: "When this score says cheap or expensive, does the price subsequently move in the expected direction?"
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Theoretical framework — not backtested or forward-tested. The Bean Score uses trailing twelve-month free cash flow yield as a dislocation identifier. It measures whether the market has pushed a stock's yield unusually far from its own baseline behavior. These levels are analysis points: prices at which the yield deviation becomes unusual enough to justify the work. FCF values update quarterly with earnings; between reports, all movement is price-driven.
Dislocation Scores Experimental
Each score measures deviation from TECH's own historical baseline — the same idea as the Bean Score, applied to different fundamentals. Positive means cheaper or more dislocated than this stock's norm. Scores marked σ are normalized by the stock's own variability; pp values are simple deltas from its recent baseline.
Theoretical framework — not backtested. These scores describe how unusual today's readings are for this specific company. Each one is an analysis point, a reason to open the filings. Annual-statement scores (buyback, accruals, FCF vs history) rest on only ~4 yearly data points and are deltas, not sigmas.
Historical Touches
TECH has crossed below its 200-week MA 18 times with an average 1-year return of +9.9% after recovery.
| Crossed Below | Recovered | Weeks | Max Depth | 1-Year Return | Return Since Touch |
|---|---|---|---|---|---|
| Jun 1994 | Feb 1995 | 32 | 13.4% | +31.7% | +13458.3% |
| Apr 2002 | May 2002 | 3 | 1.5% | -21.7% | +1198.3% |
| Jul 2002 | Aug 2002 | 6 | 14.0% | +26.3% | +1276.0% |
| Aug 2002 | Sep 2002 | 2 | 2.2% | +18.6% | +1123.8% |
| Dec 2002 | Aug 2003 | 36 | 39.5% | +25.2% | +1068.2% |
| Sep 2003 | Oct 2003 | 3 | 3.7% | +22.6% | +988.1% |
| Feb 2009 | May 2009 | 13 | 20.9% | +14.0% | +530.9% |
| May 2009 | May 2009 | 1 | 0.1% | +2.8% | +475.0% |
| Jul 2009 | Jul 2009 | 1 | 0.4% | -1.9% | +473.3% |
| May 2010 | Oct 2010 | 21 | 8.3% | +36.5% | +459.1% |
| Oct 2010 | Nov 2010 | 5 | 2.7% | +17.7% | +451.5% |
| Nov 2011 | Nov 2011 | 1 | 3.2% | +17.7% | +428.2% |
| Apr 2013 | May 2013 | 4 | 2.6% | +31.0% | +394.3% |
| Sep 2022 | Nov 2022 | 7 | 8.5% | -4.3% | +1.4% |
| Jan 2023 | Apr 2023 | 10 | 10.8% | -16.3% | -6.9% |
| Apr 2023 | May 2023 | 3 | 2.2% | -19.4% | -7.8% |
| Jun 2023 | Jul 2023 | 5 | 7.5% | -0.6% | -6.2% |
| Jul 2023 | Jun 2026 | 151 | 43.0% | -2.0% | -10.5% |
| Average | 17 | — | +9.9% | — |
Frequently Asked Questions
Is TECH below its 200-week moving average?
No. Bio-Techne Corporation (TECH) is currently 7.4% above its 200-week moving average of $67.40. It would need to fall to $67.40 to cross below the line.
What is TECH's 200-week moving average price?
Bio-Techne Corporation's 200-week moving average is $67.40 as of 2026-09-18. This is the average weekly closing price over roughly the last 4 years, and it acts as a long-term trend line. When a stock drops below this level, it can signal that the price has fallen far enough from the long-term trend to attract value-oriented investors.
What happens when TECH drops below its 200-week moving average?
TECH has crossed below its 200-week moving average 18 times in our data. On average, buying at that moment produced a one-year return of +9.9%. These dips have historically been decent entry points. These episodes lasted 17 weeks on average.
Is TECH a good value right now?
Here's what our data says about TECH as of 2026-09-18: The stock is above its 200-week moving average, so it doesn't currently meet our primary signal. The 14-week RSI is 95 (overbought). Free cash flow yield is 2.0%. Return on equity is 9.0%. Price-to-book is 5.4x. This is not a buy or sell recommendation — always do your own research.
How does TECH compare to the S&P 500?
Over the past 33.8 years, $100 invested in TECH would have grown to $8056, compared to $3167 for the S&P 500. That's 13.9% annualized vs 10.8% for the index. TECH has outperformed the broader market over this period.
Does TECH pay a dividend?
Yes. Bio-Techne Corporation currently pays a dividend yield of 44.00%.
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 week of 2026-09-18