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

Agronomics Limited (LON:ANIC)’s stock price reached a new 52-week low on Wednesday. The company traded as low as GBX 4 and last traded at GBX 4.72, with a volume of 13094245 shares. The stock had previously closed at GBX 5.24.

Wall Street Analysts Forecast Growth

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

Agronomics Stock Down 9.8%

The stock has a 50 day simple moving average of GBX 5.25 and a two-hundred day simple moving average of GBX 5.95. The stock has a market capitalization of £51.19 million, a P/E ratio of -2.95 and a beta of 0.98.

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.