BioAmber Inc. (BIOA) saw a big move last session, as the company’s shares fell nearly 15% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This continues the recent downtrend for BIOA, as the stock is now down about 15% in the past one-month time frame.
This slump shouldn’t be too much of a surprise to investors, as the bio-based chemicals company has seen 1 negative revisions in the past few weeks and its current year earnings consensus has moved lower over the last 30 days. This suggests there may be more trouble down the road. So make sure to keep an eye on this stock going forward to see if this recent slump will continue, as the earnings picture definitely suggests that this might be the case.
BIOA currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.
Some better-ranked stocks in the same sector include Globe Specialty Metals, Inc. (GSM), International Flavors & Fragrances Inc. (IFF) and NewMarket Corporation (NEU). All these stocks hold a Zacks Rank #2 (Buy).
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BIOAMBER INC (BIOA): Free Stock Analysis Report
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