Synergy CHC (NASDAQ:SNYR) Issues Earnings Results

Synergy CHC (NASDAQ:SNYR) issued its quarterly earnings results on Thursday. The company reported $0.01 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.01, Zacks reports. The firm had revenue of $8.01 million for the quarter. Synergy CHC had a negative return on equity of 17.33% and a net margin of 7.77%.

Synergy CHC Trading Up 5.3%

NASDAQ SNYR traded up $0.11 during trading hours on Friday, hitting $2.09. The company’s stock had a trading volume of 31,760 shares, compared to its average volume of 72,244. The company has a market capitalization of $19.73 million and a PE ratio of 7.21. Synergy CHC has a 52 week low of $1.30 and a 52 week high of $7.65. The company’s 50-day simple moving average is $2.35 and its two-hundred day simple moving average is $2.58.

Analyst Upgrades and Downgrades

SNYR has been the subject of several research analyst reports. Roth Capital decreased their price target on shares of Synergy CHC from $10.00 to $7.00 and set a “buy” rating for the company in a research note on Friday. Weiss Ratings lowered Synergy CHC from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Thursday. Finally, Wall Street Zen downgraded Synergy CHC from a “buy” rating to a “hold” rating in a research note on Saturday, November 8th. Two analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $8.50.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the stock. Geode Capital Management LLC purchased a new position in shares of Synergy CHC during the second quarter valued at approximately $29,000. Virtu Financial LLC bought a new position in Synergy CHC during the 3rd quarter valued at $38,000. Finally, XTX Topco Ltd purchased a new position in Synergy CHC during the 2nd quarter worth $57,000.

About Synergy CHC

Synergy CHC Corp. engages in the marketing and distribution of branded health and wellness products. The company was founded on December 29, 2010 and is headquartered in Westbrook, ME.