Applied DNA Sciences Inc (OTCMKTS:APDN) was downgraded by research analysts at ValuEngine from a “sell” rating to a “strong sell” rating in a research report issued on Friday, June 2nd.

Separately, Maxim Group set a $6.00 price objective on Applied DNA Sciences and gave the stock a “buy” rating in a research report on Thursday, April 6th.

Shares of Applied DNA Sciences (APDN) traded down 8.33% during trading on Friday, hitting $1.10. The stock had a trading volume of 42,904 shares. The firm’s market cap is $28.99 million. The firm’s 50-day moving average is $1.44 and its 200 day moving average is $1.75. Applied DNA Sciences has a 52-week low of $1.05 and a 52-week high of $3.61.

Applied DNA Sciences (OTCMKTS:APDN) last posted its quarterly earnings results on Thursday, May 11th. The technology company reported ($0.13) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.14) by $0.01. Applied DNA Sciences had a negative net margin of 378.72% and a negative return on equity of 128.10%. The company had revenue of $0.91 million during the quarter, compared to the consensus estimate of $1.25 million. During the same period last year, the firm earned ($0.14) EPS. The company’s revenue for the quarter was up 59.6% on a year-over-year basis. On average, analysts expect that Applied DNA Sciences will post ($0.35) EPS for the current year.

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Applied DNA Sciences Company Profile

Applied DNA Sciences, Inc is engaged in creating security solutions addressing the challenges of modern commerce. The Company is also engaged in the large-scale production of specific deoxyribonucleic acid (DNA) sequences using the polymerase chain reaction (PCR). Its principal technology platform includes SigNature DNA, SigNature T DNA, fiberTyping, DNAnet, digitalDNA, SigNify and Beacon.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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