Sonoma Pharmaceuticals (SNOA) Downgraded by Zacks Investment Research to “Hold”

Sonoma Pharmaceuticals (NASDAQ:SNOA) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued to investors on Thursday.

According to Zacks, “Sonoma Pharmaceuticals operates as a pharmaceutical company. It develops and markets solutions for the treatment of dermatological conditions, animal health and advanced tissue care. The company operates primarily in United States, Latin America and Europe. Sonoma Pharmaceuticals formerly known as Oculus Innovative Sciences and is headquatered in Petaluma, California. “

SNOA has been the topic of a number of other research reports. Maxim Group set a $11.00 target price on Sonoma Pharmaceuticals and gave the stock a “buy” rating in a report on Friday, November 17th. Benchmark assumed coverage on Sonoma Pharmaceuticals in a report on Thursday, December 28th. They set a “speculative buy” rating and a $10.00 target price on the stock.

Sonoma Pharmaceuticals (SNOA) traded up $0.01 during mid-day trading on Thursday, hitting $5.61. The company’s stock had a trading volume of 11,700 shares, compared to its average volume of 26,471. Sonoma Pharmaceuticals has a 1 year low of $4.16 and a 1 year high of $8.25. The company has a debt-to-equity ratio of 0.01, a current ratio of 5.37 and a quick ratio of 4.56. The stock has a market cap of $24.71, a P/E ratio of -2.82 and a beta of 1.19.

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About Sonoma Pharmaceuticals

Sonoma Pharmaceuticals, Inc, formerly Oculus Innovative Sciences, Inc, is a specialty pharmaceutical company that develops and markets solutions for the treatment of dermatological conditions and advanced tissue care. The Company’s product portfolio consists of dermatology and advanced tissue care products based upon its technologies, such as Microcyn and Lipogrid.

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