Senomyx Inc. (NASDAQ:SNMX) fell 3.2% during mid-day trading on Monday . The company traded as low as $3.68 and last traded at $3.68, with a volume of 81,493 shares changing hands. The stock had previously closed at $3.80.

Separately, Zacks Investment Research upgraded Senomyx from a “hold” rating to a “strong-buy” rating and set a $4.00 price target for the company in a research report on Wednesday, August 3rd.

The firm’s market capitalization is $169.65 million. The firm has a 50-day moving average of $2.88 and a 200 day moving average of $2.85.

Senomyx (NASDAQ:SNMX) last announced its quarterly earnings data on Thursday, July 28th. The company reported ($0.05) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.06) by $0.01. The firm earned $6.60 million during the quarter, compared to analyst estimates of $6.20 million. Senomyx’s revenue for the quarter was up 6.5% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.06) EPS. Equities research analysts anticipate 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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