Agronomics (LON:ANIC) Reaches New 12-Month Low – Here’s Why

Agronomics Limited (LON:ANIC) reached a new 52-week low during trading on Tuesday . The company traded as low as GBX 5.10 and last traded at GBX 5.10, with a volume of 6031589 shares traded. The stock had previously closed at GBX 5.40.

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group decreased their price objective on Agronomics from GBX 14 to GBX 13.30 and set a “buy” rating for the company in a research report on Tuesday, May 19th. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of GBX 13.30.

Agronomics Stock Down 5.6%

The firm has a market cap of £55.25 million, a price-to-earnings ratio of -3.19 and a beta of 0.98. The company’s fifty day moving average is GBX 6.41 and its 200 day moving average is GBX 6.41.

Agronomics Company Profile

Agronomics is an AIM-listed investment company centered on the nascent fields of cellular agriculture, precision fermentation and synthetic biology. The Company invests in technologies that offer new ways of producing food and materials with a focus on products historically derived from animals. These technologies are driving a major disruption in agriculture, offering solutions to improve sustainability, as well as addressing human health, animal welfare and environmental damage. This disruption will decouple supply chains from the environment and animals, as well as being fundamental to feeding the world’s expanding population.