Maxim Group Initiates Coverage on Yield10 Bioscience (YTEN)

Stock analysts at Maxim Group began coverage on shares of Yield10 Bioscience (NASDAQ:YTEN) in a research note issued to investors on Thursday, The Fly reports. The firm set a “buy” rating on the specialty chemicals company’s stock.

Shares of NASDAQ YTEN opened at $1.40 on Thursday. The firm has a market capitalization of $13.49 million, a PE ratio of -0.43 and a beta of 3.21. Yield10 Bioscience has a fifty-two week low of $1.35 and a fifty-two week high of $8.67. The company has a debt-to-equity ratio of 0.08, a current ratio of 8.45 and a quick ratio of 8.45.

Yield10 Bioscience (NASDAQ:YTEN) last announced its quarterly earnings results on Thursday, May 10th. The specialty chemicals company reported ($0.24) earnings per share for the quarter. The company had revenue of $0.06 million during the quarter. Yield10 Bioscience had a negative net margin of 1,410.88% and a negative return on equity of 131.88%. equities research analysts predict that Yield10 Bioscience will post -2.71 earnings per share for the current year.

An institutional investor recently raised its position in Yield10 Bioscience stock. Renaissance Technologies LLC boosted its holdings in shares of Yield10 Bioscience Inc (NASDAQ:YTEN) by 288.6% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 79,576 shares of the specialty chemicals company’s stock after buying an additional 59,100 shares during the period. Renaissance Technologies LLC owned approximately 0.93% of Yield10 Bioscience worth $141,000 as of its most recent SEC filing. 8.95% of the stock is owned by institutional investors and hedge funds.

Yield10 Bioscience Company Profile

Yield10 Bioscience, Inc, an agricultural bioscience company, engages in developing disruptive technologies for enhancing crop yield in the United States and Canada. The company, through its Smart Carbon Grid for Crops and T3 platforms, is involved in improving fundamental crop yield through enhanced photosynthetic carbon capture, as well as increased carbon utilization efficiency to increase seed yield.

The Fly

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