StockNews.com Initiates Coverage on SenesTech (NASDAQ:SNES)

Analysts at StockNews.com started coverage on shares of SenesTech (NASDAQ:SNES) in a research note issued to investors on Tuesday. The brokerage set a “sell” rating on the stock.

Separately, HC Wainwright reaffirmed a “buy” rating and issued a $35.00 price objective on shares of SenesTech in a research report on Tuesday, May 14th.

SenesTech Trading Down 2.7 %

SNES opened at $3.97 on Tuesday. The company has a debt-to-equity ratio of 0.03, a current ratio of 6.91 and a quick ratio of 5.69. SenesTech has a 1 year low of $3.75 and a 1 year high of $99.23. The firm has a 50 day moving average price of $5.31 and a 200 day moving average price of $7.15.

SenesTech (NASDAQ:SNES) last issued its quarterly earnings data on Thursday, August 8th. The company reported ($3.08) earnings per share (EPS) for the quarter, beating the consensus estimate of ($3.20) by $0.12. SenesTech had a negative net margin of 464.09% and a negative return on equity of 155.19%. The company had revenue of $0.46 million during the quarter, compared to the consensus estimate of $0.49 million. During the same quarter last year, the company earned ($84.03) earnings per share. Analysts forecast that SenesTech will post -11 EPS for the current year.

Institutional Trading of SenesTech

An institutional investor recently bought a new position in SenesTech stock. McAdam LLC acquired a new stake in SenesTech, Inc. (NASDAQ:SNES) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 64,348 shares of the company’s stock, valued at approximately $44,000. McAdam LLC owned about 1.25% of SenesTech as of its most recent SEC filing. 5.19% of the stock is currently owned by institutional investors.

About SenesTech

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.