Marrone Bio Innovations (MBII) Given a $4.00 Price Target by HC Wainwright Analysts
Marrone Bio Innovations (NASDAQ:MBII) has been assigned a $4.00 price target by equities research analysts at HC Wainwright in a note issued to investors on Thursday. The firm presently has a “buy” rating on the basic materials company’s stock. HC Wainwright’s price target points to a potential upside of 280.95% from the company’s previous close.
Separately, ValuEngine lowered shares of Marrone Bio Innovations from a “sell” rating to a “strong sell” rating in a report on Friday, September 1st. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $2.50.
Marrone Bio Innovations (MBII) traded down $0.03 during mid-day trading on Thursday, hitting $1.05. 64,600 shares of the company were exchanged, compared to its average volume of 95,731. Marrone Bio Innovations has a 1 year low of $0.85 and a 1 year high of $2.45. The company has a quick ratio of 0.36, a current ratio of 0.69 and a debt-to-equity ratio of -1.14.
Marrone Bio Innovations Company Profile
Marrone Bio Innovations, Inc offers bio-based pest management and plant health products. The Company’s bio-based products include naturally occurring microorganisms, such as bacteria, fungi and plant extracts. It sells its products to crop protection market. Its four crop protection products include Regalia, Grandevo, Venerate and Majestene.
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