Home / Basic Materials / Amyris Inc. (AMRS) Leads Basic Materials Laggards with a drop of 5.81% on September 22

Amyris Inc. (AMRS) Leads Basic Materials Laggards with a drop of 5.81% on September 22

Amyris Inc. (AMRS” target=”_new”>AMRS) was one of the weakest stocks in the basic materials sector of the NYSE and NASDAQ listed companies on September 22, skidding 5.81% to close the day at $0.53 after closing the day prior at $0.56. Throughout the day, shares of AMRS” target=”_new”>AMRS traded as high as $0.55 and as low as $0.52. Today’s decline came with about 2.22 million shares changing hands, compared to an average 30-day volume of 2.77 million for Amyris Inc.. The price is currently below the 30-day volume weighted average price of $0.53 for AMRS” target=”_new”>AMRS.

The share depreciation gives the company a market capitalization of $131.0 million based upon 235.02 million shares outstanding. It also means that AMRS has a price-to-book ratio of 284.51:1.

In the past 52 weeks, shares of AMRS” target=”_new”>AMRS have traded as low as $0.313 and as high as $2.57. Technical traders will take note that at $0.53, shares of AMRS” target=”_new”>AMRS are trading below their 200-day MA at $0.92 and above their 50-day MA at $0.41. Technical analysts pay close attention to these key moving averages because they often serve as technical support and resistance levels and because a move through or holding below them is typically regarded as bearish.

Who is AMRS?

Amyris Inc is a renewable products company engaged in providing sustainable alternatives to petroleum-sourced products. It developed microbial engineering and screening technologies that modify the way microorganisms process sugars. The company’s 400 employees are led by CEO John Melo from the corporate headquarters at 5885 Hollis Street in Emeryville, CA.

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