Agronomics (LON:ANIC) Reaches New 12-Month Low – Should You Sell?

Shares of Agronomics Limited (LON:ANIC) hit a new 52-week low during trading on Monday. The stock traded as low as GBX 4 and last traded at GBX 4.25, with a volume of 3,042,057 shares traded. The stock had previously closed at GBX 4.24.

Wall Street Analysts Forecast Growth

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

Agronomics Price Performance

The company has a fifty day moving average price of GBX 4.76 and a 200 day moving average price of GBX 5.82. The company has a market capitalization of £43.82 million, a P/E ratio of -2.53 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.