Danimer Scientific (NYSE:DNMR – Get Rating) released its quarterly earnings data on Tuesday. The company reported ($0.26) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.29) by $0.03, MarketWatch Earnings reports. Danimer Scientific had a negative return on equity of 14.18% and a net margin of 13.66%. During the same quarter in the previous year, the company posted ($0.14) earnings per share.
Shares of NYSE DNMR traded up $0.33 during trading hours on Friday, reaching $3.67. The stock had a trading volume of 42,491 shares, compared to its average volume of 1,774,477. The firm has a market cap of $369.75 million, a price-to-earnings ratio of 37.12 and a beta of 1.52. The company has a current ratio of 7.83, a quick ratio of 7.26 and a debt-to-equity ratio of 0.52. Danimer Scientific has a fifty-two week low of $3.09 and a fifty-two week high of $29.50. The firm has a 50-day moving average of $4.88 and a 200-day moving average of $7.84.
In related news, CMO Scott Tuten sold 10,000 shares of the company’s stock in a transaction dated Thursday, March 17th. The stock was sold at an average price of $4.50, for a total value of $45,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 14.90% of the stock is owned by corporate insiders.
Separately, Zacks Investment Research cut Danimer Scientific from a “hold” rating to a “strong sell” rating in a research report on Monday.
Danimer Scientific Company Profile (Get Rating)
Danimer Scientific, Inc, a performance polymer company, develops, produces, and provides bioplastic replacements for traditional petroleum-based plastics. It produces polyhydroxyalkanoate, a biodegradable plastic feedstock alternative used in a range of plastic applications, including films, 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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