Senomyx (NASDAQ:SNMX) Stock Rating Upgraded by ValuEngine

Senomyx (NASDAQ:SNMX) was upgraded by ValuEngine from a “strong sell” rating to a “sell” rating in a note issued to investors on Monday, November 20th.

Senomyx (SNMX) traded down $0.03 during trading on Monday, hitting $1.45. The stock had a trading volume of 181,800 shares, compared to its average volume of 225,784. Senomyx has a 12 month low of $0.56 and a 12 month high of $1.71.

Senomyx (NASDAQ:SNMX) last issued its earnings results on Thursday, November 2nd. The specialty chemicals company reported ($0.05) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.07) by $0.02. Senomyx had a negative return on equity of 93.36% and a negative net margin of 65.11%. The business had revenue of $5.06 million during the quarter. research analysts expect that Senomyx will post -0.25 earnings per share for the current fiscal year.

A hedge fund recently raised its stake in Senomyx stock. Algert Global LLC boosted its position in Senomyx, Inc. (NASDAQ:SNMX) by 14.7% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 359,788 shares of the specialty chemicals company’s stock after acquiring an additional 46,000 shares during the period. Algert Global LLC owned 0.75% of Senomyx worth $218,000 as of its most recent SEC filing. 26.86% of the stock is currently owned by hedge funds and other institutional investors.

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About Senomyx

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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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