Senomyx Inc. (NASDAQ:SNMX)’s share price dropped 3.2% on Monday . The company traded as low as $3.68 and last traded at $3.68, with a volume of 81,493 shares changing hands. The stock had previously closed at $3.80.

Separately, Zacks Investment Research raised shares of Senomyx from a “hold” rating to a “buy” rating and set a $2.75 price target on the stock in a research report on Tuesday, May 10th.

The company’s market cap is $175.47 million. The company has a 50-day moving average of $2.92 and a 200 day moving average of $2.85.

Senomyx (NASDAQ:SNMX) last issued its earnings results on Thursday, July 28th. The company reported ($0.05) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.01. During the same period last year, the business earned ($0.06) EPS. The company had revenue of $6.60 million for the quarter, compared to analyst estimates of $6.20 million. The company’s quarterly revenue was up 6.5% on a year-over-year basis. Equities analysts forecast that Senomyx Inc. will post ($0.25) EPS for the current fiscal year.

Senomyx, Inc is focused on using taste receptor technologies to discover, develop and commercialize flavor ingredients for the packaged food, beverage and ingredient supply industries. The Company operates through development and commercialization of flavor ingredients segment. It is engaged in the discovery, development and/or commercialization of flavor ingredients through over five programs.

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