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Penford Corp (NASDAQ:PENX) reached a new 52-week low during mid-day trading on Wednesday , AnalystRatings.Net reports. The stock traded as low as $10.82 and last traded at $10.91, with a volume of 11,526 shares traded. The stock had previously closed at $11.22.

Separately, analysts at Zacks upgraded shares of Penford Corp from an “underperform” rating to a “neutral” rating in a research note on Wednesday, March 12th. They now have a $15.10 price target on the stock.

The stock’s 50-day moving average is $12.00 and its 200-day moving average is $12.78. The company has a market cap of $138.8 million and a price-to-earnings ratio of 50.54.

Penford Corp (NASDAQ:PENX) last announced its earnings results on Wednesday, April 9th. The company reported $0.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.12 by $0.02. The company had revenue of $106.11 million for the quarter, compared to the consensus estimate of $110.08 million. During the same quarter in the previous year, the company posted $0.10 earnings per share. On average, analysts predict that Penford Corp will post $0.55 earnings per share for the current fiscal year.

Penford Corporation (NASDAQ:PENX) is a developer, manufacturer and marketer of specialty natural-based ingredient systems for food and industrial ingredient applications, including fuel grade ethanol.

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