Evogene (NASDAQ:EVGN) Share Price Passes Below 200 Day Moving Average of $1.31

Evogene Ltd. (NASDAQ:EVGNGet Rating)’s share price passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $1.31 and traded as low as $0.72. Evogene shares last traded at $0.76, with a volume of 101,900 shares traded.

Separately, StockNews.com assumed coverage on shares of Evogene in a report on Thursday, March 31st. They issued a “sell” rating on the stock.

The company’s 50-day moving average price is $1.00 and its 200 day moving average price is $1.31. The stock has a market capitalization of $19.62 million, a PE ratio of -1.06 and a beta of 1.33.

Evogene (NASDAQ:EVGNGet Rating) last posted its earnings results on Thursday, May 26th. The biotechnology company reported ($0.20) EPS for the quarter, missing the consensus estimate of ($0.14) by ($0.06). Evogene had a negative return on equity of 45.42% and a negative net margin of 3,615.59%. The company had revenue of $0.24 million during the quarter, compared to analysts’ expectations of $0.44 million. During the same period in the prior year, the business posted ($0.17) earnings per share. On average, research analysts expect that Evogene Ltd. will post -0.72 earnings per share for the current year.

Large investors have recently bought and sold shares of the company. Bank of America Corp DE lifted its position in Evogene by 49.7% during the 1st quarter. Bank of America Corp DE now owns 204,521 shares of the biotechnology company’s stock valued at $265,000 after acquiring an additional 67,867 shares during the period. Virtu Financial LLC purchased a new position in Evogene during the 1st quarter valued at about $48,000. Vident Investment Advisory LLC lifted its position in Evogene by 68.5% during the 1st quarter. Vident Investment Advisory LLC now owns 83,868 shares of the biotechnology company’s stock valued at $109,000 after acquiring an additional 34,082 shares during the period. Renaissance Technologies LLC lifted its position in Evogene by 51.8% during the 1st quarter. Renaissance Technologies LLC now owns 459,081 shares of the biotechnology company’s stock valued at $597,000 after acquiring an additional 156,716 shares during the period. Finally, Sigma Planning Corp lifted its position in Evogene by 88.0% during the 1st quarter. Sigma Planning Corp now owns 31,410 shares of the biotechnology company’s stock valued at $41,000 after acquiring an additional 14,700 shares during the period.

Evogene Company Profile (NASDAQ:EVGN)

Evogene Ltd., together with its subsidiaries, operates as a computational biology company. It focuses on product discovery and development in multiple life-science based industries, including human health and agriculture, through the use of its Computational Predictive Biology (CPB) platform. The CPB platform, incorporating a deep understanding of biology leveraged through big data and artificial intelligence, designed to computationally discover and uniquely guide the development of life-science products based on microbes, small molecules, and genetic elements.

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