CubicFarm Systems Corp. (TSE:CUB – Get Rating) hit a new 52-week low during trading on Monday . The stock traded as low as C$0.67 and last traded at C$0.73, with a volume of 67308 shares. The stock had previously closed at C$0.84.
Several analysts recently issued reports on CUB shares. Raymond James downgraded CubicFarm Systems from a “strong-buy” rating to an “outperform” rating and reduced their price target for the company from C$2.30 to C$2.00 in a research note on Friday, April 1st. Canaccord Genuity Group started coverage on CubicFarm Systems in a research note on Friday, January 28th. They issued a “buy” rating and a C$2.00 price target for the company.
The business’s 50 day simple moving average is C$1.05. The stock has a market cap of C$126.63 million and a price-to-earnings ratio of -3.74. The company has a quick ratio of 2.40, a current ratio of 3.61 and a debt-to-equity ratio of 11.05.
CubicFarm Systems Corp. develops, manufactures, and sells cubic farming systems for farmers worldwide. The company offers CubicFarm System and CubicFarms' HydroGreen Grow System. Its systems help farmers to produce lettuce, basil, microgreens, nutraceutical ingredients, and animal feed. The company was formerly known as Forty Foot Farms Ltd.
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