SenesTech (NASDAQ:SNES) Coverage Initiated by Analysts at StockNews.com

StockNews.com started coverage on shares of SenesTech (NASDAQ:SNES) in a report published on Monday morning. The firm issued a sell rating on the stock.

Separately, HC Wainwright reissued a buy rating and issued a $35.00 price target on shares of SenesTech in a research note on Tuesday, May 14th.

SenesTech Stock Up 2.5 %

SenesTech stock traded up $0.10 during mid-day trading on Monday, hitting $4.11. The company’s stock had a trading volume of 17,867 shares, compared to its average volume of 30,277. The stock’s fifty day moving average is $5.84 and its two-hundred day moving average is $7.37. The company has a current ratio of 6.91, a quick ratio of 5.69 and a debt-to-equity ratio of 0.03. SenesTech has a 1 year low of $3.80 and a 1 year high of $106.51.

SenesTech (NASDAQ:SNES) last announced its quarterly earnings results on Thursday, May 9th. The company reported ($3.60) EPS for the quarter, missing the consensus estimate of ($3.40) by ($0.20). The business had revenue of $0.42 million during the quarter, compared to analyst estimates of $0.43 million. SenesTech had a negative net margin of 545.82% and a negative return on equity of 181.46%. During the same period last year, the company earned ($158.50) EPS. Sell-side analysts expect that SenesTech will post -11 earnings per share for the current fiscal year.

Institutional Investors Weigh In On SenesTech

A hedge fund recently bought a new stake in SenesTech stock. McAdam LLC bought a new stake in SenesTech, Inc. (NASDAQ:SNES) in the 1st quarter, according to its most recent disclosure with the SEC. The fund bought 64,348 shares of the company’s stock, valued at approximately $44,000. McAdam LLC owned approximately 1.25% of SenesTech at the end of the most recent reporting period. 5.19% of the stock is currently owned by institutional investors.

SenesTech Company Profile

SenesTech, Inc develops a technology for managing animal pest populations through fertility control. It offers ContraPest, a liquid bait that limits reproduction of male and female rats. The company was incorporated in 2004 and is headquartered in Phoenix, Arizona.