Shares of Bioamber Inc (NYSE:BIOA) gapped up before the market opened on Friday . The stock had previously closed at $0.39, but opened at $0.41. Bioamber shares last traded at $0.44, with a volume of 2683100 shares.
Several research firms have recently weighed in on BIOA. ValuEngine cut Bioamber from a “sell” rating to a “strong sell” rating in a report on Friday, December 1st. Cowen restated a “hold” rating and set a $1.00 price target on shares of Bioamber in a report on Friday, November 10th. Zacks Investment Research upgraded Bioamber from a “sell” rating to a “hold” rating in a report on Tuesday, January 9th. Finally, HC Wainwright restated a “buy” rating and set a $12.00 price target on shares of Bioamber in a report on Wednesday, November 8th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and one has given a buy rating to the stock. Bioamber presently has an average rating of “Hold” and an average price target of $6.50.
The stock has a market cap of $23.19, a price-to-earnings ratio of -0.57 and a beta of 2.65. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.08 and a quick ratio of 0.75.
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BioAmber Inc (BioAmber), formerly DNP Green Technology, Inc, is an industrial biotechnology company, which produces sustainable chemicals. The Company’s technology platform combines industrial biotechnology and chemical catalysis to convert renewable feedstocks into sustainable chemicals that are replacements for petroleum-derived chemicals, which are used in a range of everyday products, including plastics, food additives and personal care products.
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