Bioamber (BIOA) Rating Increased to Hold at ValuEngine
Bioamber (NYSE:BIOA) was upgraded by ValuEngine from a “sell” rating to a “hold” rating in a note issued to investors on Wednesday.
BIOA has been the topic of several other reports. Cowen reiterated a “hold” rating and issued a $1.00 target price on shares of Bioamber in a report on Friday, November 10th. Zacks Investment Research upgraded shares of Bioamber from a “sell” rating to a “hold” rating in a report on Tuesday, January 9th. Finally, HC Wainwright reiterated a “buy” rating and issued a $12.00 target price on shares of Bioamber in a report on Wednesday, November 8th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and one has given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $6.50.
Bioamber (NYSE:BIOA) traded down $0.03 during trading hours on Wednesday, reaching $0.07. 12,990,000 shares of the company’s stock traded hands, compared to its average volume of 2,860,000. The company has a quick ratio of 0.75, a current ratio of 1.08 and a debt-to-equity ratio of 0.24. 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 12 month low of $0.06 and a 12 month high of $3.74.
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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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