Evogene (NASDAQ:EVGN) Earns Sell Rating from Analysts at StockNews.com

StockNews.com began coverage on shares of Evogene (NASDAQ:EVGNFree Report) in a report published on Saturday morning. The brokerage issued a sell rating on the biotechnology company’s stock.

Evogene Price Performance

NASDAQ:EVGN opened at $1.65 on Friday. The company has a market cap of $8.85 million, a P/E ratio of -0.37 and a beta of 1.36. The firm’s fifty day moving average price is $1.77 and its two-hundred day moving average price is $3.45. Evogene has a one year low of $1.20 and a one year high of $10.40.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Evogene stock. Renaissance Investment Group LLC acquired a new position in shares of Evogene Ltd. (NASDAQ:EVGNFree Report) in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 10,000 shares of the biotechnology company’s stock, valued at approximately $31,000. Institutional investors and hedge funds own 10.40% of the company’s stock.

Evogene Company Profile

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Evogene Ltd., together with its subsidiaries, operates as a computational biology company. It focuses on product discovery and development in life-science based industries, including human health and agriculture, through the use of its Computational Predictive Biology (CPB) platform. The company operates through three segments: Agriculture, Human Health, and Industrial Applications.

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