Danimer Scientific (DNMR) Expected to Announce Quarterly Earnings on Thursday

Danimer Scientific (NYSE:DNMR) is anticipated to issue its quarterly earnings data after the market closes on Thursday, March 27th. Analysts expect the company to announce earnings of ($6.12) per share for the quarter.

Danimer Scientific Stock Performance

Shares of NYSE:DNMR opened at $0.35 on Thursday. Danimer Scientific has a 1 year low of $0.33 and a 1 year high of $58.00. The company has a debt-to-equity ratio of 1.80, a current ratio of 3.28 and a quick ratio of 2.05. The stock has a market capitalization of $1.06 million, a price-to-earnings ratio of -0.01 and a beta of 1.49. The company’s 50 day simple moving average is $1.33 and its 200 day simple moving average is $7.21.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on DNMR. TD Cowen cut their price target on shares of Danimer Scientific from $40.00 to $5.50 and set a “hold” rating on the stock in a report on Thursday, November 21st. Piper Sandler lowered shares of Danimer Scientific from a “neutral” rating to an “underweight” rating and cut their price target for the stock from $40.00 to $4.00 in a report on Wednesday, November 20th.

Danimer Scientific Company Profile

Danimer Scientific, Inc, a performance polymer company, provides bioplastic replacements for traditional petroleum-based plastics in the United States, Germany, Poland, Belgium, Austria, and internationally. It produces polyhydroxyalkanoate, a biodegradable plastic feedstock alternative under the Nodax brand name for applications in films, straws, cutlery, food containers, and others; polylactic acid-based resins for coating disposable paper cups; and other biopolymers.