Senomyx Inc. (NASDAQ:SNMX) shares were down 1.7% on Tuesday . The stock traded as low as $4.50 and last traded at $4.55, with a volume of 94,229 shares traded. The stock had previously closed at $4.63.

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

The firm’s market capitalization is $191.14 million. The stock’s 50 day moving average is $3.41 and its 200 day moving average is $2.94.

Senomyx (NASDAQ:SNMX) last posted its quarterly earnings results on Thursday, July 28th. The company reported ($0.05) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.01. The company earned $6.60 million during the quarter, compared to analysts’ expectations of $6.20 million. Senomyx’s revenue for the quarter was up 6.5% compared to the same quarter last year. During the same period last year, the company earned ($0.06) earnings per share. Equities analysts expect that Senomyx Inc. will post ($0.25) earnings per share for the current 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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