Senomyx Inc. (NASDAQ:SNMX) fell 2.5% during mid-day trading on Tuesday . The company traded as low as $3.74 and last traded at $3.98, with a volume of 157,363 shares traded. The stock had previously closed at $4.08.

Separately, Zacks Investment Research cut Senomyx from a “buy” rating to a “hold” rating in a research report on Tuesday, July 5th.

The company’s market capitalization is $175.47 million. The stock has a 50 day moving average price of $3.10 and a 200 day moving average price of $2.88.

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