Marrone Bio Innovations Inc. (NASDAQ:MBII) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Wednesday.
According to Zacks, “Marrone Bio Innovations Inc. develops environmentally safe bio-based products. The Company specializes in the discovery, development, and marketing of natural products for weed, pest, water resource, and plant disease management. It offers crop protection products for conventional and organic crop production, including herbicides for weed control, fungicides for plant disease control, nematicides for parasitic roundworm control, insecticides for insect and mite killers and plant growth regulators that growers use to increase crop yields, enhance plant health, manage pest resistance, and reduce chemical residues. Marrone Bio Innovations Inc. is headquartered in Davis, California. “
Shares of Marrone Bio Innovations (NASDAQ:MBII) opened at 1.61 on Wednesday. Marrone Bio Innovations has a 1-year low of $0.60 and a 1-year high of $3.67. The company’s 50-day moving average price is $1.62 and its 200 day moving average price is $1.04. The company’s market cap is $39.64 million.
Marrone Bio Innovations (NASDAQ:MBII) last released its quarterly earnings results on Tuesday, August 9th. The company reported ($0.28) earnings per share for the quarter, meeting the consensus estimate of ($0.28). The firm had revenue of $5 million for the quarter, compared to analysts’ expectations of $4.61 million. Marrone Bio Innovations had a negative return on equity of 2,083.14% and a negative net margin of 304.71%. On average, analysts predict that Marrone Bio Innovations will post ($1.12) earnings per share for the current fiscal year.
About Marrone Bio Innovations
Marrone Bio Innovations, Inc offers bio-based pest management and plant health products. The Company’s bio-based products include naturally occurring microorganisms, such as bacteria, fungi and plant extracts. It sells its products to crop protection market. Its four crop protection products include Regalia, Grandevo, Venerate and Majestene.
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