Marrone Bio Innovations Inc (NASDAQ:MBII) has been upgraded to Hold in a report by Zacks Investment Research today.
- Updated: October 15, 2016
Zacks Investment Research has upgraded Marrone Bio Innovations Inc (NASDAQ:MBII) to Hold in a report released on 10/12/2016.
Previously on Wednesday March 16, 2016, Rodman & Renshaw reported about Marrone Bio Innovations Inc (NASDAQ:MBII) raised the target price from $0.00 to $3.50. At the time, this indicated a possible upside of 2.10%.
Yesterday Marrone Bio Innovations Inc (NASDAQ:MBII) traded 6.83% higher at $1.68. The company’s 50-day moving average is $1.63 and its 200-day moving average is $1.04. The last stock close price is up 64.76% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. 51,983 shares of the stock were exchanged, down from an average trading volume of 133,426
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Marrone Bio Innovations Inc has a 52 week low of $0.60 and a 52 week high of $3.57 MBII’s total market value is presently $0.
A total of 2 equity analysts have released a research note on MBII. zero equity analysts rating the company a strong buy, zero equity analysts rating the company a buy, one equity analyst rating the company a hold, zero equity analysts rating the company a underperform, and finally zero equity analysts rating the company a sell with a one year target of $1.75.
More About Marrone Bio Innovations Inc (NASDAQ:MBII)
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. Its products are used in both conventional and organic crop production, and are sold to growers of specialty crops, such as grapes, citrus, tomatoes, vegetables, nuts, leafy greens and ornamental plants. It offers Regalia for large-acre row crops, such as corn and soybeans. Its pipeline of early-stage discoveries and product candidates extends across a range of product types for end markets, including herbicides, fungicides, nematicides, insecticides, algaecides (for algae control), molluscicides (for mussel and snail control), and plant growth and plant stress regulators. It is engaged in developing MBI-010, MBI-110, Haven (MBI-505) and MBI-601.
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