Senomyx, Inc. (NASDAQ:SNMX) rose 8.7% during mid-day trading on Monday . The company traded as high as $0.66 and last traded at $0.66. Approximately 560,254 shares traded hands during mid-day trading, an increase of 253% from the average daily volume of 158,519 shares. The stock had previously closed at $0.61.

The firm’s market cap is $30.93 million. The firm has a 50-day moving average price of $0.63 and a 200 day moving average price of $0.80.

Senomyx (NASDAQ:SNMX) last issued its quarterly earnings data on Thursday, July 27th. The specialty chemicals company reported ($0.06) earnings per share for the quarter, topping the consensus estimate of ($0.07) by $0.01. The company had revenue of $4.87 million during the quarter, compared to analyst estimates of $4.60 million. Senomyx had a negative return on equity of 85.22% and a negative net margin of 63.38%. The firm’s revenue for the quarter was down 25.8% compared to the same quarter last year. During the same period in the prior year, the business posted ($0.05) earnings per share. Analysts forecast that Senomyx, Inc. will post ($0.27) earnings per share for the current fiscal year.

A hedge fund recently raised its stake in Senomyx stock. Cowen Prime Services LLC raised its stake in Senomyx, Inc. (NASDAQ:SNMX) by 2.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 353,551 shares of the specialty chemicals company’s stock after buying an additional 8,200 shares during the quarter. Cowen Prime Services LLC owned about 0.74% of Senomyx worth $293,000 at the end of the most recent quarter. Institutional investors and hedge funds own 28.86% of the company’s stock.

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About Senomyx

Senomyx, Inc is focused on using taste receptor technologies to discover, develop and commercialize flavor ingredients for the packaged food, beverage and ingredient supply industries. The Company operates through development and commercialization of flavor ingredients segment. It is engaged in the discovery, development and/or commercialization of flavor ingredients through over five programs.

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