Danimer Scientific (NYSE:DNMR) Stock Price Up 7.8% – Here’s What Happened

Danimer Scientific, Inc. (NYSE:DNMR)’s stock price rose 7.8% during trading on Thursday . The stock traded as high as $0.27 and last traded at $0.27. Approximately 2,963 shares changed hands during mid-day trading, a decline of 93% from the average daily volume of 40,813 shares. The stock had previously closed at $0.26.

Danimer Scientific Stock Performance

The company has a market capitalization of $830,403.36, a price-to-earnings ratio of -0.01 and a beta of 1.49. The company’s fifty day simple moving average is $0.84 and its two-hundred day simple moving average is $5.52. The company has a debt-to-equity ratio of 1.80, a quick ratio of 2.05 and a current ratio of 3.28.

Institutional Investors Weigh In On Danimer Scientific

A hedge fund recently raised its stake in Danimer Scientific stock. Geode Capital Management LLC raised its stake in Danimer Scientific, Inc. (NYSE:DNMR) by 9.2% during the third quarter, according to its most recent disclosure with the SEC. The fund owned 1,107,910 shares of the company’s stock after buying an additional 93,672 shares during the quarter. Geode Capital Management LLC owned approximately 36.93% of Danimer Scientific worth $503,000 as of its most recent SEC filing. 33.84% of the stock is currently owned by hedge funds and other 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.