Applied DNA Sciences Inc (OTCMKTS:APDN) has been assigned a $5.00 price target by stock analysts at Maxim Group in a research report issued on Friday. The firm currently has a “buy” rating on the technology company’s stock. Maxim Group’s price objective indicates a potential upside of 189.02% from the company’s current price.

Separately, ValuEngine cut shares of Applied DNA Sciences from a “sell” rating to a “strong sell” rating in a research note on Friday, June 2nd.

Applied DNA Sciences (OTCMKTS:APDN) traded up 4.85% on Friday, hitting $1.73. 262,372 shares of the stock traded hands. The stock’s market cap is $47.36 million. Applied DNA Sciences has a 52 week low of $0.90 and a 52 week high of $3.47. The firm’s 50 day moving average is $1.68 and its 200 day moving average is $1.61.

Applied DNA Sciences (OTCMKTS:APDN) last announced its quarterly earnings results on Thursday, August 10th. The technology company reported ($0.10) EPS for the quarter, beating analysts’ consensus estimates of ($0.14) by $0.04. The firm had revenue of $1.80 million during the quarter, compared to analysts’ expectations of $2.18 million. Applied DNA Sciences had a negative net margin of 378.72% and a negative return on equity of 128.10%. The company’s revenue for the quarter was up 176.9% compared to the same quarter last year. During the same quarter last year, the company posted ($0.14) earnings per share. Equities analysts anticipate that Applied DNA Sciences will post ($0.39) earnings per share for the current year.

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About Applied DNA Sciences

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.

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