Maxim Group set a $5.00 target price on Applied DNA Sciences (NASDAQ:APDN) in a research note released on Friday morning. The brokerage currently has a buy rating on the technology company’s stock.
Separately, ValuEngine raised shares of Applied DNA Sciences from a strong sell rating to a sell rating in a report on Friday, February 2nd.
Applied DNA Sciences stock traded up $0.03 on Friday, hitting $1.57. The company’s stock had a trading volume of 178,284 shares, compared to its average volume of 43,792. The firm has a market capitalization of $46.37, a PE ratio of -3.20 and a beta of -0.98. Applied DNA Sciences has a one year low of $0.90 and a one year high of $3.45.
Applied DNA Sciences (NASDAQ:APDN) last announced its quarterly earnings results on Thursday, February 8th. The technology company reported ($0.12) earnings per share (EPS) for the quarter. The business had revenue of $0.65 million during the quarter. Applied DNA Sciences had a negative net margin of 268.66% and a negative return on equity of 149.68%.
An institutional investor recently bought a new position in Applied DNA Sciences stock. Sabby Management LLC bought a new position in Applied DNA Sciences (NASDAQ:APDN) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 932,350 shares of the technology company’s stock, valued at approximately $1,482,000. Sabby Management LLC owned about 3.10% of Applied DNA Sciences as of its most recent filing with the Securities and Exchange Commission. Institutional investors own 11.83% of the company’s stock.
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Applied DNA Sciences Company Profile
Applied DNA Sciences, Inc provides biotechnology based security solutions for supply chain security, brand protection, and law enforcement applications in the United States, Europe, Asia, and internationally. The company's supply chain security and product authentication solutions include SigNature molecular tags that are ingredients used to fortify brand protection efforts and strengthen supply chain security, as well as mark, track, and convict criminals; SigNature T molecular tags, which are tagging and authentication systems for use in brand protection efforts and raw material source compliance programs; and fiberTyping, a test of native cotton fiber DNA.
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