Senomyx, Inc. (SNMX) Rating Increased to Sell at ValuEngine
Senomyx, Inc. (NASDAQ:SNMX) was upgraded by investment analysts at ValuEngine from a “strong sell” rating to a “sell” rating in a research note issued to investors on Monday.
Shares of Senomyx (NASDAQ:SNMX) opened at $1.42 on Monday. Senomyx has a 1-year low of $0.56 and a 1-year high of $1.55.
Senomyx (NASDAQ:SNMX) last posted its quarterly earnings results on Thursday, November 2nd. The specialty chemicals company reported ($0.05) EPS for the quarter, beating the consensus estimate of ($0.07) by $0.02. Senomyx had a negative net margin of 65.11% and a negative return on equity of 93.36%. The company had revenue of $5.06 million for the quarter. analysts forecast that Senomyx will post -0.24 earnings per share for the current fiscal year.
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An institutional investor recently raised its position in Senomyx stock. Cowen Prime Services LLC raised its holdings in Senomyx, Inc. (NASDAQ:SNMX) by 2.4% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 353,551 shares of the specialty chemicals company’s stock after purchasing an additional 8,200 shares during the quarter. Cowen Prime Services LLC owned 0.74% of Senomyx worth $293,000 at the end of the most recent reporting period. 28.10% of the stock is owned by hedge funds and other institutional investors.
Senomyx Company Profile
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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