Senomyx Inc. (NASDAQ:SNMX) shares rose 4.2% during mid-day trading on Tuesday . The stock traded as high as $3.37 and last traded at $3.26, with a volume of 165,911 shares changing hands. The stock had previously closed at $3.13.

Separately, Zacks Investment Research upgraded shares of Senomyx from a “sell” rating to a “hold” rating in a report on Thursday, April 14th.

The company’s market capitalization is $144.58 million. The stock’s 50-day moving average is $2.78 and its 200 day moving average is $2.82.

Senomyx (NASDAQ:SNMX) last released its earnings results on Thursday, July 28th. The company reported ($0.05) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.06) by $0.01. The company earned $6.60 million during the quarter, compared to analyst estimates of $6.20 million. During the same period in the prior year, the business posted ($0.06) earnings per share. Senomyx’s revenue was up 6.5% on a year-over-year basis. On average, 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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