Senomyx Inc. (SNMX) Sees Unusually-High Trading Volume
Shares of Senomyx Inc. (NASDAQ:SNMX) saw unusually-high trading volume on Friday . Approximately 318,326 shares changed hands during mid-day trading, an increase of 56% from the previous session’s volume of 203,702 shares.The stock last traded at $4.48 and had previously closed at $4.09.
Separately, Zacks Investment Research upgraded Senomyx from a “sell” rating to a “hold” rating in a research note on Saturday, April 30th.
The company has a 50-day moving average of $3.24 and a 200 day moving average of $2.91. The firm’s market capitalization is $201.43 million.
Senomyx (NASDAQ:SNMX) last announced its quarterly earnings data 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. The business earned $6.60 million during the quarter, compared to analyst estimates of $6.20 million. The firm’s revenue for the quarter was up 6.5% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.06) earnings per share. Analysts anticipate that Senomyx Inc. will post ($0.25) earnings per share 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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