Senestech (NASDAQ:SNES) Stock Price Breaks Above 50-Day Moving Average – Here’s What Happened

Senestech, Inc. (NASDAQ:SNES – Get Free Report) shares passed above its 50 day moving average during trading on Wednesday. The stock has a 50 day moving average of $0.86 and traded as high as $1.0050. Senestech shares last traded at $0.97, with a volume of 414,361 shares traded.

Wall Street Analyst Weigh In

Separately, Weiss Ratings downgraded shares of Senestech from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Tuesday, August 11th. One investment analyst has rated the stock with a Sell rating. According to MarketBeat.com, the company presently has a consensus rating of “Sell”.

Get Our Latest Stock Analysis on Senestech

Senestech Stock Up 6.9%

The stock has a market capitalization of $5.85 million, a price-to-earnings ratio of -0.79 and a beta of 0.25. The firm has a 50 day simple moving average of $0.85 and a 200-day simple moving average of $1.49. The company has a debt-to-equity ratio of 0.02, a current ratio of 6.78 and a quick ratio of 5.81.

Senestech (NASDAQ:SNES – Get Free Report) last released its quarterly earnings results on Wednesday, August 5th. The company reported ($0.35) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.37) by $0.02. Senestech had a negative return on equity of 71.89% and a negative net margin of 294.73%. The firm had revenue of $0.77 million during the quarter, compared to analysts’ expectations of $0.60 million. On average, sell-side analysts forecast that Senestech, Inc. will post -1.27 EPS for the current fiscal year.

Insider Transactions at Senestech

In other Senestech news, major shareholder Glenbrook Capital Management bought 426,000 shares of the stock in a transaction on Thursday, October 15th. The stock was purchased at an average price of $0.77 per share, with a total value of $328,020.00. Following the acquisition, the insider owned 1,505,294 shares of the company’s stock, valued at approximately $1,159,076.38. The trade was a 39.47% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders have purchased 1,145,169 shares of company stock valued at $842,773 over the last quarter. 2.20% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Senestech

An institutional investor recently bought a new stake in Senestech stock. Diversify Wealth Management LLC bought a new position in shares of Senestech, Inc. (NASDAQ:SNES – Free Report) during the 1st quarter, according to its most recent 13F filing with the SEC. The firm bought 19,119 shares of the company’s stock, valued at approximately $31,000. Diversify Wealth Management LLC owned 0.36% of Senestech as of its most recent filing with the SEC. 5.19% of the stock is currently owned by hedge funds and other institutional investors.

About Senestech

(Get Free Report)

SenesTech, Inc is a biotechnology company focused on developing fertility-control technologies for managing animal populations. The company’s approach is designed to reduce reproduction rather than rely solely on lethal control methods, with applications primarily in rodent management.

SenesTech’s principal product is ContraPest, a liquid bait designed to reduce fertility in rats by affecting reproductive function in both male and female animals. The product is intended for use in commercial, municipal and other settings where rat populations pose sanitation, health or property risks.

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