ValuEngine upgraded shares of Senomyx (NASDAQ:SNMX) from a strong sell rating to a sell rating in a report published on Friday.
Separately, Zacks Investment Research upgraded Senomyx from a hold rating to a buy rating and set a $1.75 price target for the company in a research note on Wednesday, November 22nd.
Senomyx (NASDAQ SNMX) traded down $0.02 on Friday, hitting $1.17. The stock had a trading volume of 76,351 shares, compared to its average volume of 121,531. The company has a market cap of $56.87, a P/E ratio of -4.50 and a beta of 1.24. Senomyx has a 52 week low of $0.56 and a 52 week high of $1.71.
A hedge fund recently raised its stake in Senomyx stock. Algert Global LLC boosted its holdings in shares of Senomyx Inc. (NASDAQ:SNMX) by 35.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 487,722 shares of the specialty chemicals company’s stock after purchasing an additional 127,934 shares during the quarter. Algert Global LLC owned about 1.02% of Senomyx worth $634,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 26.72% of the company’s stock.
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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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