Danimer Scientific (NYSE:DNMR) Trading Up 7.8% – Should You Buy?

Danimer Scientific, Inc. (NYSE:DNMR) was up 7.8% on Thursday . The company traded as high as $0.27 and last traded at $0.27. Approximately 2,963 shares traded hands during 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 Up 7.8 %

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

Institutional Investors Weigh In On Danimer Scientific

An institutional investor recently raised its position in Danimer Scientific stock. Geode Capital Management LLC lifted its holdings in Danimer Scientific, Inc. (NYSE:DNMR) by 9.2% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,107,910 shares of the company’s stock after purchasing an additional 93,672 shares during the period. Geode Capital Management LLC owned about 36.93% of Danimer Scientific worth $503,000 at the end of the most recent reporting period. 33.84% of the stock is 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.