Yield10 Bioscience (NASDAQ:YTEN) Lifted to “Hold” at Zacks Investment Research
According to Zacks, “Yield10 Bioscience, Inc. is an agricultural bioscience company. It focuses on the development of disruptive technologies for improvement in crop yield to enhance global food security. The company is working on new approaches, to improve fundamental elements of plant photosynthetic efficiency and optimizing carbon metabolism for better production. It operates primarily in Saskatoon, Saskatchewan, Canada. Yield10 Bioscience, Inc., formerly known as Metabolix, Inc., is based in Woburn, Massachusetts. “
Other equities analysts have also issued reports about the stock. Maxim Group reissued a buy rating and issued a $3.00 target price on shares of Yield10 Bioscience in a report on Friday, May 31st. National Securities reaffirmed a buy rating and set a $5.00 price target on shares of Yield10 Bioscience in a report on Tuesday, August 20th. Finally, Aegis reiterated a buy rating and set a $2.00 price target on shares of Yield10 Bioscience in a research report on Tuesday, August 13th.
Yield10 Bioscience (NASDAQ:YTEN) last posted its quarterly earnings results on Monday, August 12th. The specialty chemicals company reported ($0.15) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.21) by $0.06. Yield10 Bioscience had a negative return on equity of 145.61% and a negative net margin of 1,320.21%. The business had revenue of $0.32 million during the quarter. Research analysts predict that Yield10 Bioscience will post -0.66 EPS for the current fiscal year.
A hedge fund recently raised its stake in Yield10 Bioscience stock. Renaissance Technologies LLC boosted its holdings in Yield10 Bioscience Inc (NASDAQ:YTEN) by 9.5% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 478,176 shares of the specialty chemicals company’s stock after buying an additional 41,500 shares during the quarter. Renaissance Technologies LLC owned approximately 3.83% of Yield10 Bioscience worth $463,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 7.69% of the company’s stock.
About Yield10 Bioscience
Yield10 Bioscience, Inc, an agricultural bioscience company, engages in developing disruptive technologies for enhancing crop yield in the United States and Canada. The company, through its Smart Carbon Grid for Crops and T3 platforms, is involved in improving fundamental crop yield through enhanced photosynthetic carbon capture, as well as increased carbon utilization efficiency to increase seed yield.
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