Enzymotec (NASDAQ:ENZY) Lowered to “Sell” at BidaskClub

Enzymotec (NASDAQ:ENZY) was downgraded by investment analysts at BidaskClub from a “hold” rating to a “sell” rating in a note issued to investors on Saturday, January 6th.

ENZY has been the topic of a number of other reports. Zacks Investment Research upgraded Enzymotec from a “strong sell” rating to a “hold” rating in a research note on Tuesday, October 17th. Jefferies Group restated a “hold” rating and set a $11.50 price objective on shares of Enzymotec in a research note on Thursday, October 19th. Finally, Wells Fargo & Co lifted their price objective on shares of Enzymotec from $9.50 to $12.00 and gave the company a “market perform” rating in a research note on Monday, October 30th. One research analyst has rated the stock with a sell rating and four have issued a hold rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $11.75.

Enzymotec (NASDAQ:ENZY) remained flat at $$11.85 during mid-day trading on Friday. The firm has a market capitalization of $277.62, a price-to-earnings ratio of -43.89, a P/E/G ratio of 3.19 and a beta of 1.22. Enzymotec has a 1 year low of $6.30 and a 1 year high of $12.35.

A number of large investors have recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. acquired a new position in Enzymotec during the third quarter worth about $107,000. Osborn Williams & Donohoe LLC acquired a new position in Enzymotec during the third quarter worth about $137,000. State Street Corp grew its holdings in Enzymotec by 1.8% during the second quarter. State Street Corp now owns 20,952 shares of the biotechnology company’s stock worth $169,000 after acquiring an additional 380 shares during the period. Finally, Janus Henderson Group PLC purchased a new position in Enzymotec in the 2nd quarter worth about $2,350,000. 15.73% of the stock is currently owned by hedge funds and other institutional investors.

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Enzymotec Company Profile

Enzymotec Ltd. is a nutritional ingredients and medical foods company. The Company’s technologies, research expertise and clinical validation process enables it to develop solutions across a range of products. The Company operates in two segments: Nutrition segment and VAYA Pharma segment. Both of the Company’s segments offer a range of products that leverage its lipid-related offerings.

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