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

StockNews.com started coverage on shares of SenesTech (NASDAQ:SNES) in a research report released on Saturday. The brokerage issued a sell rating on the stock.

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

SenesTech Stock Performance

Shares of SNES opened at $0.54 on Friday. The company has a 50-day simple moving average of $0.64 and a 200-day simple moving average of $0.78. The company has a quick ratio of 5.69, a current ratio of 6.91 and a debt-to-equity ratio of 0.03. SenesTech has a 52 week low of $0.49 and a 52 week high of $11.52.

SenesTech (NASDAQ:SNES) last announced its quarterly earnings data on Thursday, May 9th. The company reported ($0.36) EPS for the quarter, missing analysts’ consensus estimates of ($0.34) by ($0.02). The company had revenue of $0.42 million for 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 in the prior year, the company posted ($15.85) EPS. On average, equities research analysts forecast that SenesTech will post -1.1 EPS for the current fiscal year.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in SenesTech stock. McAdam LLC purchased a new position in SenesTech, Inc. (NASDAQ:SNES) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 64,348 shares of the company’s stock, valued at approximately $44,000. McAdam LLC owned approximately 1.25% of SenesTech as of its most recent SEC filing. Hedge funds and other 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.