Dyadic International (NASDAQ:DYAI) Trading Up 9.5%

Dyadic International, Inc (NASDAQ:DYAI)’s share price was up 9.5% during trading on Monday . The company traded as high as $6.74 and last traded at $6.60, approximately 249,385 shares were traded during mid-day trading. An increase of 308% from the average daily volume of 61,159 shares. The stock had previously closed at $6.03.

A number of equities analysts recently commented on DYAI shares. ValuEngine lowered Dyadic International from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. Noble Financial reaffirmed a “buy” rating and issued a $9.00 price objective on shares of Dyadic International in a research note on Monday, July 8th.

Dyadic International (NASDAQ:DYAI) last posted its quarterly earnings data on Tuesday, August 13th. The biotechnology company reported ($0.10) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.07) by ($0.03). The company had revenue of $0.39 million during the quarter, compared to the consensus estimate of $0.40 million. On average, research analysts predict that Dyadic International, Inc will post -0.31 EPS for the current fiscal year.

In related news, VP Ronen Tchelet sold 10,000 shares of Dyadic International stock in a transaction that occurred on Wednesday, July 10th. The stock was sold at an average price of $5.87, for a total value of $58,700.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Over the last ninety days, insiders sold 40,000 shares of company stock worth $238,300. 23.90% of the stock is owned by insiders.

A number of hedge funds have recently modified their holdings of the business. Bank of America Corp DE bought a new stake in Dyadic International in the second quarter worth approximately $577,000. Vanguard Group Inc. bought a new stake in Dyadic International in the second quarter worth approximately $4,443,000. BlackRock Inc. bought a new stake in Dyadic International in the second quarter worth approximately $337,000. Bandera Partners LLC bought a new stake in Dyadic International in the second quarter worth approximately $9,534,000. Finally, Northern Trust Corp bought a new stake in Dyadic International in the second quarter worth approximately $218,000. Institutional investors and hedge funds own 7.88% of the company’s stock.

Dyadic International Company Profile (NASDAQ:DYAI)

Dyadic International, Inc, a biotechnology platform company, engages in the development, production, and sale of enzymes and other proteins in the United States and the Netherlands. It utilizes its patented and proprietary C1 technology and other technologies to conduct research, development, and commercial production of human and animal vaccines, monoclonal antibodies, bi-specific antibodies, fab antibody fragments, FC-fusion proteins, biosimilars and/or biobetters, and other therapeutic enzymes and proteins.

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