Senestech (NASDAQ:SNES) Releases Earnings Results, Beats Expectations By $0.07 EPS

Senestech (NASDAQ:SNES) announced its quarterly earnings results on Monday. The company reported ($0.28) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.35) by $0.07, Zacks reports. Senestech had a negative net margin of 289.01% and a negative return on equity of 150.93%.

Senestech Price Performance

Shares of SNES stock traded up $0.09 during trading hours on Monday, hitting $3.48. 138,955 shares of the company’s stock were exchanged, compared to its average volume of 120,131. The company has a debt-to-equity ratio of 0.03, a current ratio of 9.23 and a quick ratio of 8.35. The stock has a market cap of $17.19 million, a price-to-earnings ratio of -0.64 and a beta of 0.36. The stock’s 50-day moving average is $4.20 and its 200-day moving average is $4.03. Senestech has a 52 week low of $1.30 and a 52 week high of $6.24.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the stock. Zacks Research upgraded shares of Senestech to a “hold” rating in a report on Monday, August 11th. Wall Street Zen raised Senestech to a “hold” rating in a report on Friday, July 18th. HC Wainwright upgraded Senestech to a “strong-buy” rating in a research note on Friday, August 8th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Senestech in a research report on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Senestech currently has a consensus rating of “Hold” and a consensus target price of $10.00.

Hedge Funds Weigh In On Senestech

A hedge fund recently bought a new stake in Senestech stock. Geode Capital Management LLC purchased a new stake in Senestech, Inc. (NASDAQ:SNES) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 11,647 shares of the company’s stock, valued at approximately $59,000. Geode Capital Management LLC owned about 0.52% of Senestech at the end of the most recent quarter. Institutional investors and hedge funds own 5.19% of the company’s stock.

Senestech Company Profile

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.