Agronomics (LON:ANIC) Stock Price Down 3.4% – Time to Sell?

Agronomics Limited (LON:ANIC)’s share price was down 3.4% during mid-day trading on Friday . The company traded as low as GBX 6.60 ($0.09) and last traded at GBX 6.90 ($0.09). Approximately 1,382,313 shares changed hands during trading, a decline of 61% from the average daily volume of 3,509,708 shares. The stock had previously closed at GBX 7.14 ($0.10).

Analyst Ratings Changes

Separately, Canaccord Genuity Group reduced their price objective on shares of Agronomics from GBX 16 ($0.22) to GBX 15.90 ($0.22) and set a “buy” rating on the stock in a research note on Monday, March 17th.

Agronomics Price Performance

The stock has a market cap of £68.51 million, a P/E ratio of -154.26 and a beta of 1.47. The business’s fifty day moving average price is GBX 6.22 and its 200 day moving average price is GBX 5.41.

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.