Senomyx (SNMX) Cut to “Strong Sell” at ValuEngine

ValuEngine downgraded shares of Senomyx (NASDAQ:SNMX) from a sell rating to a strong sell rating in a report published on Friday.

Separately, Zacks Investment Research cut Senomyx from a buy rating to a hold rating in a research report on Wednesday, November 29th.

Senomyx (NASDAQ SNMX) traded up $0.03 during trading hours on Friday, reaching $1.48. The company had a trading volume of 203,300 shares, compared to its average volume of 225,973. Senomyx has a 12-month low of $0.56 and a 12-month high of $1.71.

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

A hedge fund recently raised its stake in Senomyx stock. Algert Global LLC raised its stake in shares of Senomyx, Inc. (NASDAQ:SNMX) by 14.7% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 359,788 shares of the specialty chemicals company’s stock after acquiring an additional 46,000 shares during the quarter. Algert Global LLC owned approximately 0.75% of Senomyx worth $218,000 as of its most recent filing with the SEC. Institutional investors and hedge funds own 26.86% of the company’s stock.

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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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