Danimer Scientific (NYSE:DNMR) Trading Down 5.4%

Danimer Scientific, Inc. (NYSE:DNMR)’s stock price fell 5.4% during mid-day trading on Thursday . The company traded as low as $18.72 and last traded at $18.72. 29,927 shares were traded during mid-day trading, a decline of 98% from the average session volume of 1,955,039 shares. The stock had previously closed at $19.78.

Separately, Zacks Investment Research upgraded shares of Danimer Scientific from a “sell” rating to a “hold” rating in a research note on Tuesday.

The company has a debt-to-equity ratio of 0.11, a quick ratio of 13.60 and a current ratio of 14.30. The stock’s 50 day simple moving average is $22.89.

Danimer Scientific (NYSE:DNMR) last issued its quarterly earnings results on Monday, May 17th. The company reported ($0.14) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.12). The business had revenue of $13.18 million for the quarter. Equities research analysts expect that Danimer Scientific, Inc. will post -0.12 EPS for the current year.

A number of institutional investors have recently modified their holdings of DNMR. Parallel Advisors LLC bought a new position in shares of Danimer Scientific during the 1st quarter worth about $26,000. CKW Financial Group bought a new position in shares of Danimer Scientific during the 1st quarter worth about $28,000. Pittenger & Anderson Inc. bought a new position in shares of Danimer Scientific during the 1st quarter worth about $28,000. Arkadios Wealth Advisors bought a new position in shares of Danimer Scientific during the 1st quarter worth about $29,000. Finally, Spectrum Management Group LLC bought a new position in shares of Danimer Scientific during the 1st quarter worth about $38,000. 39.10% of the stock is owned by hedge funds and other institutional investors.

Danimer Scientific Company Profile (NYSE:DNMR)

Danimer Scientific, Inc, a performance polymer company, develops, produces, and provides bioplastic replacements for traditional petrochemical-based plastics. It produces polyhydroxyalkanoate, a biodegradable plastic feedstock alternative used in a range of plastic applications, including water bottles, straws, food containers, and other things under the Nodax brand name; polylactic acid-based resins for coating disposable paper cups; and other biopolymers.

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