Senomyx Inc. (SNMX) Shares Up 4.3%
Senomyx Inc. (NASDAQ:SNMX) shot up 4.3% during mid-day trading on Friday . The company traded as high as $4.40 and last traded at $4.36, with a volume of 117,826 shares trading hands. The stock had previously closed at $4.18.
Separately, Zacks Investment Research cut Senomyx from a “buy” rating to a “hold” rating in a research note on Saturday, August 27th.
The stock’s 50 day moving average is $3.48 and its 200 day moving average is $2.96. The stock’s market capitalization is $192.48 million.
Senomyx (NASDAQ:SNMX) last issued its quarterly 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 firm had revenue of $6.60 million for the quarter, compared to analyst estimates of $6.20 million. The company’s revenue was up 6.5% compared to the same quarter last year. During the same period last year, the company earned ($0.06) EPS. Equities research analysts anticipate 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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