Senomyx (NASDAQ:SNMX) was downgraded by research analysts at ValuEngine from a “sell” rating to a “strong sell” rating in a research note issued on Friday.

Separately, Zacks Investment Research cut Senomyx from a “buy” rating to a “hold” rating in a report on Wednesday.

Shares of Senomyx (NASDAQ:SNMX) traded down $0.04 during mid-day trading on Friday, hitting $1.45. The stock had a trading volume of 109,914 shares, compared to its average volume of 485,837. Senomyx has a fifty-two week low of $0.56 and a fifty-two week high of $1.71.

Senomyx (NASDAQ:SNMX) last issued its quarterly earnings data on Thursday, November 2nd. The specialty chemicals company reported ($0.05) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.07) by $0.02. The business had revenue of $5.06 million during the quarter. Senomyx had a negative return on equity of 93.36% and a negative net margin of 65.11%. sell-side analysts expect that Senomyx will post -0.25 earnings per share for the current year.

A hedge fund recently raised its stake in Senomyx stock. Algert Global LLC lifted its holdings in Senomyx, Inc. (NASDAQ:SNMX) by 14.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 359,788 shares of the specialty chemicals company’s stock after purchasing an additional 46,000 shares during the period. Algert Global LLC owned about 0.75% of Senomyx worth $218,000 as of its most recent filing with the Securities & Exchange Commission. Hedge funds and other institutional investors own 26.86% of the company’s stock.

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About Senomyx

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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