Calyxt (CLXT) Shares Down 5.5%
Calyxt, Inc. (NASDAQ:CLXT) dropped 5.5% during trading on Friday . The stock traded as low as $22.35 and last traded at $22.65. Approximately 577,160 shares traded hands during trading, an increase of 563% from the average daily volume of 87,003 shares. The stock had previously closed at $23.98.
CLXT has been the topic of several recent analyst reports. Citigroup cut Calyxt from a “buy” rating to a “neutral” rating in a report on Wednesday, September 27th. Wells Fargo & Company boosted their target price on Calyxt from $17.00 to $30.00 and gave the stock an “outperform” rating in a report on Friday, September 29th. Zacks Investment Research cut Calyxt from a “hold” rating to a “sell” rating in a report on Monday, October 16th. BMO Capital Markets began coverage on Calyxt in a report on Monday, October 30th. They set an “outperform” rating and a $32.00 target price on the stock. Finally, Jefferies Group lifted their price target on shares of Calyxt to $27.00 and gave the stock a “buy” rating in a research report on Wednesday, November 1st. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $27.75.
The company has a debt-to-equity ratio of 0.13, a current ratio of 12.41 and a quick ratio of 12.41.
Calyxt Company Profile
Calyxt, Inc is a food and agriculture company. The Company is focused on delivering healthier specialty food ingredients, such as healthier oils and high fiber wheat, for consumers and agriculturally advantageous crop traits, such as herbicide tolerance to farmers. The Company also combines gene-editing technology and technical that enables to edit a plant genome to elicit the desired traits and characteristics.
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