SenesTech (NASDAQ:SNES) Now Covered by Analysts at StockNews.com

StockNews.com initiated coverage on shares of SenesTech (NASDAQ:SNES) in a report issued on Wednesday. The firm issued a sell rating on the stock.

Separately, HC Wainwright reiterated a buy rating and issued a $3.50 target price on shares of SenesTech in a research note on Tuesday, May 14th.

SenesTech Stock Down 0.9 %

Shares of SNES stock opened at $0.63 on Wednesday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 5.69 and a current ratio of 6.91. The firm’s 50 day moving average is $0.72 and its 200 day moving average is $0.83. SenesTech has a 12 month low of $0.52 and a 12 month high of $15.00.

SenesTech (NASDAQ:SNES) last announced its quarterly earnings results on Thursday, May 9th. The company reported ($0.36) EPS for the quarter, missing analysts’ consensus estimates of ($0.34) by ($0.02). The business had revenue of $0.42 million for the quarter, compared to analysts’ expectations 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 quarter in the previous year, the company posted ($15.85) earnings per share. As a group, research analysts expect that SenesTech will post -1.1 earnings per share for the current fiscal year.

Institutional Trading of SenesTech

A hedge fund recently bought a new stake in SenesTech stock. Armistice Capital LLC bought a new position in SenesTech, Inc. (NASDAQ:SNES) during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor bought 70,425 shares of the company’s stock, valued at approximately $30,000. Armistice Capital LLC owned approximately 1.94% of SenesTech at the end of the most recent reporting period. Institutional investors own 5.19% of the company’s stock.

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.