Amyris (AMRS) Sees Strong Trading Volume
Shares of Amyris Inc (NASDAQ:AMRS) saw strong trading volume on Tuesday . 999,875 shares were traded during trading, an increase of 181% from the previous session’s volume of 356,429 shares.The stock last traded at $4.75 and had previously closed at $4.22.
A number of equities research analysts have issued reports on the stock. HC Wainwright set a $15.00 target price on shares of Amyris and gave the company a “buy” rating in a report on Wednesday, November 29th. Cowen reissued a “hold” rating and set a $4.00 target price on shares of Amyris in a report on Wednesday, November 29th. ValuEngine cut shares of Amyris from a “sell” rating to a “strong sell” rating in a report on Friday, December 1st. Finally, Zacks Investment Research raised shares of Amyris from a “hold” rating to a “buy” rating and set a $3.75 target price on the stock in a report on Wednesday, October 4th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company’s stock. Amyris has a consensus rating of “Hold” and a consensus target price of $20.69.
The company has a debt-to-equity ratio of -0.78, a quick ratio of 0.82 and a current ratio of 0.92. The company has a market capitalization of $231.95, a price-to-earnings ratio of -0.87 and a beta of 0.16.
Institutional investors have recently added to or reduced their stakes in the company. Tanaka Capital Management Inc. increased its holdings in shares of Amyris by 72.0% in the third quarter. Tanaka Capital Management Inc. now owns 528,549 shares of the biotechnology company’s stock worth $1,691,000 after purchasing an additional 221,295 shares during the period. KBC Group NV increased its holdings in shares of Amyris by 228.4% in the third quarter. KBC Group NV now owns 60,154 shares of the biotechnology company’s stock worth $192,000 after purchasing an additional 41,834 shares during the period. Bank of New York Mellon Corp increased its holdings in shares of Amyris by 16.3% in the second quarter. Bank of New York Mellon Corp now owns 32,768 shares of the biotechnology company’s stock worth $104,000 after purchasing an additional 4,603 shares during the period. Finally, Carl Domino Inc bought a new position in shares of Amyris in the third quarter worth $182,000. 22.84% of the stock is currently owned by hedge funds and other institutional investors.
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Amyris Company Profile
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.
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