Bioamber (NYSE:BIOA) was upgraded by equities research analysts at ValuEngine from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Wednesday.
A number of other brokerages have also weighed in on BIOA. HC Wainwright reiterated a “buy” rating and issued a $12.00 price target on shares of Bioamber in a report on Wednesday, November 8th. Zacks Investment Research lowered shares of Bioamber from a “hold” rating to a “sell” rating in a report on Tuesday, January 2nd. Finally, Cowen reiterated a “hold” rating and issued a $1.00 price target on shares of Bioamber in a report on Friday, November 10th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and one has given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $6.50.
Shares of Bioamber (NYSE BIOA) traded down $0.03 on Wednesday, hitting $0.07. 12,990,000 shares of the company’s stock were exchanged, compared to its average volume of 2,860,000. The firm has a market cap of $2.17, a price-to-earnings ratio of -0.10 and a beta of 2.52. Bioamber has a 52 week low of $0.06 and a 52 week high of $3.74. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.75 and a current ratio of 1.08.
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Bioamber Company Profile
BioAmber Inc (BioAmber), formerly DNP Green Technology, Inc, is an industrial biotechnology company, which produces sustainable chemicals. The Company’s technology platform combines industrial biotechnology and chemical catalysis to convert renewable feedstocks into sustainable chemicals that are replacements for petroleum-derived chemicals, which are used in a range of everyday products, including plastics, food additives and personal care products.
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