Agronomics (LON:ANIC) Sets New 1-Year Low – Here’s What Happened

Agronomics Limited (LON:ANIC) shares hit a new 52-week low during trading on Tuesday . The stock 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.

Wall Street Analysts Forecast Growth

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

Agronomics Price Performance

The company has a market capitalization of £55.25 million, a P/E ratio of -3.19 and a beta of 0.98. The business’s 50-day moving average price is GBX 6.41 and its two-hundred day moving average price is GBX 6.41.

About Agronomics

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.