Amyris (AMRS) Stock Price Down 20.1%
Amyris Inc (NASDAQ:AMRS) shares fell 20.1% during trading on Wednesday . The stock traded as low as $2.97 and last traded at $3.10. 6,496,075 shares changed hands during mid-day trading, an increase of 114% from the average session volume of 3,029,759 shares. The stock had previously closed at $3.88.
Several research firms have recently commented on AMRS. HC Wainwright set a $11.00 price objective on shares of Amyris and gave the company a “buy” rating in a research note on Tuesday, February 5th. BidaskClub raised shares of Amyris from a “strong sell” rating to a “sell” rating in a research note on Tuesday, November 27th. Finally, Zacks Investment Research lowered shares of Amyris from a “hold” rating to a “sell” rating in a research note on Thursday, January 3rd. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, two have given a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $8.83.
The company has a market cap of $296.94 million, a P/E ratio of -1.23 and a beta of 0.39.
Institutional investors have recently modified their holdings of the stock. Jane Street Group LLC purchased a new position in Amyris in the fourth quarter worth approximately $48,000. Caption Management LLC purchased a new position in Amyris in the fourth quarter worth approximately $50,000. HRT Financial LLC purchased a new position in Amyris in the fourth quarter worth approximately $52,000. Dynamic Technology Lab Private Ltd purchased a new position in Amyris in the third quarter worth approximately $127,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank purchased a new position in Amyris in the fourth quarter worth approximately $58,000. Institutional investors own 36.69% of the company’s stock.
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About Amyris (NASDAQ:AMRS)
Amyris, Inc, an integrated renewable products company, delivers alternatives to petroleum, plant, and animal-based products across a range of consumer and industry segments worldwide. It applies its bioscience solutions to convert plant sugars into hydrocarbon molecules, specialty ingredients, and consumer products.
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