Shares of Senomyx Inc. (NASDAQ:SNMX) rose 3.4% on Tuesday . The stock traded as high as $3.96 and last traded at $3.92, with a volume of 96,569 shares changing hands. The stock had previously closed at $3.79.

Separately, Zacks Investment Research raised Senomyx from a “sell” rating to a “hold” rating in a research report on Saturday, April 30th.

The stock’s 50-day moving average is $2.96 and its 200-day moving average is $2.86. The firm’s market capitalization is $179.05 million.

Senomyx (NASDAQ:SNMX) last announced its earnings results on Thursday, July 28th. The company reported ($0.05) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.06) by $0.01. The business had revenue of $6.60 million for the quarter, compared to analysts’ expectations of $6.20 million. During the same quarter in the prior year, the company posted ($0.06) earnings per share. The firm’s quarterly revenue was up 6.5% compared to the same quarter last year. Equities research analysts predict 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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