SenesTech (NASDAQ:SNES) Share Price Crosses Below 50-Day Moving Average – Here’s Why

SenesTech, Inc. (NASDAQ:SNES)’s share price passed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $2.83 and traded as low as $2.75. SenesTech shares last traded at $2.80, with a volume of 29,280 shares traded.

Wall Street Analysts Forecast Growth

Separately, StockNews.com initiated coverage on shares of SenesTech in a research note on Friday. They issued a “sell” rating on the stock.

SenesTech Stock Performance

The business has a 50 day moving average of $2.83 and a 200-day moving average of $4.99. The company has a quick ratio of 3.49, a current ratio of 4.68 and a debt-to-equity ratio of 0.05.

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. The business had revenue of $0.46 million for the quarter, compared to the consensus estimate of $0.49 million. SenesTech had a negative return on equity of 168.64% and a negative net margin of 464.09%. During the same period in the prior year, the business earned ($84.03) earnings per share. Analysts expect that SenesTech, Inc. will post -11 earnings per share for the current year.

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.