Home / Basic Materials / Basic Materials Sector Feels Loss of 6.9% for Amyris Inc. (AMRS) in Early Trading on September 23

Basic Materials Sector Feels Loss of 6.9% for Amyris Inc. (AMRS) in Early Trading on September 23

Amyris Inc. (AMRS) started the trading day on a down note, making it one of the worst performing stocks in the basic materials sector of NYSE and NASDAQ listed companies shortly after the opening bell on September 23. Shares of AMRS have fallen 6.9% about 30 minutes into the session to $0.49 after closing the day prior at $0.52. It’s early, but the stock has traded as high as $0.5 and as low as $0.48 so far. Today’s quick decline has come with about 553,041 shares changing hands, compared to an average 30-day volume of 2.72 million for Amyris Inc.. The price is currently below the 30-day volume weighted average price of $0.49 for AMRS.

The share depreciation gives the company a market capitalization of $122.68 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 have traded as low as $0.313 and as high as $2.57. Technical traders will take note that at $0.49, shares of AMRS are trading below their 200-day MA at $0.91 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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