Verenium Reaches New 12-Month High at $4.00 (VRNM)
Verenium (NASDAQ:VRNM) set a new 52-week high during trading hours on Monday, Analyst Ratings Net reports. The company traded as high as $4.00 and last traded at $3.99, with a volume of 70,371 shares. The stock had previously closed at $3.98.
Separately, analysts at Jefferies Group set a $4.00 price target on shares of Verenium in a research note to investors on Monday, September 30th. They now have a “hold” rating on the stock.
Verenium has a one year low of $2.00 and a one year high of $4.00. The stock’s 50-day moving average is $3.28 and its 200-day moving average is $2.55. The company’s market cap is $50.9 million.
Verenium (NASDAQ:VRNM) last released its earnings data on Wednesday, August 7th. The company reported ($0.36) EPS for the quarter, missing the Thomson Reuters consensus estimate of ($0.32) by $0.04. The company had revenue of $15.39 million for the quarter, compared to the consensus estimate of $15.70 million. On average, analysts predict that Verenium will post $-1.60 earnings per share for the current fiscal year.
Verenium Corporation (NASDAQ:VRNM) possesses a portfolio of specialty enzyme products.
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