Danimer Scientific Stock Set to Split on Friday, May 10th (NYSE:DNMR)

Danimer Scientific, Inc. (NYSE:DNMR) shares are scheduled to split on Friday, May 10th. The 4-3 split was announced on Friday, May 10th. The newly created shares will be distributed to shareholders after the closing bell on Friday, May 10th.

Danimer Scientific Trading Up 4.3 %

Shares of Danimer Scientific stock opened at $0.84 on Wednesday. The stock has a market capitalization of $95.76 million, a PE ratio of -0.55 and a beta of 1.62. The company has a debt-to-equity ratio of 1.37, a current ratio of 6.87 and a quick ratio of 5.26. The company’s fifty day simple moving average is $1.09 and its 200-day simple moving average is $1.08. Danimer Scientific has a 1-year low of $0.60 and a 1-year high of $3.56.

Danimer Scientific (NYSE:DNMR) last posted its quarterly earnings data on Thursday, March 28th. The company reported ($0.39) earnings per share for the quarter, meeting analysts’ consensus estimates of ($0.39). The firm had revenue of $10.95 million for the quarter, compared to analysts’ expectations of $10.90 million. Danimer Scientific had a negative return on equity of 49.01% and a negative net margin of 333.03%. As a group, equities analysts anticipate that Danimer Scientific will post -0.92 earnings per share for the current year.

Wall Street Analyst Weigh In

DNMR has been the subject of several research analyst reports. Piper Sandler reaffirmed a “neutral” rating and set a $1.25 target price (down from $3.50) on shares of Danimer Scientific in a research note on Tuesday, April 9th. TD Cowen dropped their price objective on shares of Danimer Scientific from $3.00 to $2.00 and set a “buy” rating for the company in a report on Thursday, April 4th.

Institutional Trading of Danimer Scientific

Several institutional investors and hedge funds have recently made changes to their positions in DNMR. SG Americas Securities LLC purchased a new stake in shares of Danimer Scientific in the fourth quarter valued at approximately $41,000. Principal Financial Group Inc. purchased a new position in Danimer Scientific during the 3rd quarter worth $27,000. Allen Mooney & Barnes Investment Advisors LLC bought a new stake in Danimer Scientific during the 3rd quarter valued at $208,000. Brandywine Global Investment Management LLC lifted its holdings in shares of Danimer Scientific by 100.6% in the 3rd quarter. Brandywine Global Investment Management LLC now owns 92,880 shares of the company’s stock worth $192,000 after buying an additional 46,580 shares during the period. Finally, Virtu Financial LLC grew its position in shares of Danimer Scientific by 628.5% during the 4th quarter. Virtu Financial LLC now owns 182,078 shares of the company’s stock worth $186,000 after buying an additional 157,085 shares in the last quarter. 33.84% of the stock is currently owned by institutional investors.

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.