Agronomics (LON:ANIC) Hits New 1-Year Low – Should You Sell?

Agronomics Limited (LON:ANIC) hit a new 52-week low during trading on Thursday. The company traded as low as GBX 2.70 and last traded at GBX 4.60, with a volume of 2,466,993 shares changing hands. The stock had previously closed at GBX 4.75.

Analysts Set New Price Targets

Separately, Canaccord Genuity Group reissued a “buy” rating and issued a GBX 13.30 target price on shares of Agronomics in a research note on Tuesday, July 21st. One equities research analyst has rated the stock with a Buy rating. Based on data from MarketBeat, the company presently has an average rating of “Buy” and an average price target of GBX 13.30.

Agronomics Price Performance

The firm’s 50-day moving average price is GBX 5.14 and its 200-day moving average price is GBX 5.84. The company has a market cap of £51.41 million, a price-to-earnings ratio of -2.97 and a beta of 0.98.

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.