Amyris (AMRS) Downgraded by ValuEngine to “Strong Sell”
Amyris (NASDAQ:AMRS) was downgraded by investment analysts at ValuEngine from a “sell” rating to a “strong sell” rating in a research note issued to investors on Friday.
Other equities research analysts also recently issued research reports about the company. HC Wainwright set a $15.00 target price on Amyris and gave the company a “buy” rating in a research report on Friday, August 11th. Zacks Investment Research upgraded Amyris from a “hold” rating to a “buy” rating and set a $3.75 price objective on the stock in a report on Wednesday, October 4th. Finally, Cowen reiterated a “hold” rating and issued a $4.00 price objective on shares of Amyris in a report on Wednesday. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $20.69.
Amyris (AMRS) traded down $0.05 during trading hours on Friday, reaching $3.58. The company’s stock had a trading volume of 213,705 shares, compared to its average volume of 296,622. Amyris has a 12 month low of $1.86 and a 12 month high of $13.05. The company has a current ratio of 0.92, a quick ratio of 0.82 and a debt-to-equity ratio of -0.78.
Several hedge funds have recently bought and sold shares of AMRS. Bank of New York Mellon Corp raised its holdings in shares of Amyris by 16.3% in the 2nd quarter. Bank of New York Mellon Corp now owns 32,768 shares of the biotechnology company’s stock valued at $104,000 after buying an additional 4,603 shares during the period. Carl Domino Inc purchased a new stake in shares of Amyris in the 3rd quarter valued at $182,000. KBC Group NV raised its holdings in shares of Amyris by 228.4% in the 3rd quarter. KBC Group NV now owns 60,154 shares of the biotechnology company’s stock valued at $192,000 after buying an additional 41,834 shares during the period. Finally, Tanaka Capital Management Inc. raised its holdings in shares of Amyris by 72.0% in the 3rd quarter. Tanaka Capital Management Inc. now owns 528,549 shares of the biotechnology company’s stock valued at $1,691,000 after buying an additional 221,295 shares during the period. Hedge funds and other institutional investors own 26.06% of the company’s stock.
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Amyris, Inc is an integrated industrial biotechnology company. The Company is engaged in research and development and sales of fuels and farnesene-derived products. It is applying its industrial synthetic biology platform to engineer, manufacture and sell products into a range of consumer and industrial markets, including cosmetics, flavors and fragrances (F&F), solvents and cleaners, polymers, lubricants, healthcare products and fuels.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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