CubicFarm Systems Corp. (TSE:CUB – Get Rating) hit a new 52-week low during trading on Friday after Raymond James lowered their price target on the stock from C$0.85 to C$0.50. Raymond James currently has a market perform rating on the stock. CubicFarm Systems traded as low as C$0.14 and last traded at C$0.15, with a volume of 63035 shares traded. The stock had previously closed at C$0.16.
Several other equities research analysts have also commented on the stock. Canaccord Genuity Group lowered shares of CubicFarm Systems from a “buy” rating to a “hold” rating and decreased their price objective for the stock from C$1.50 to C$0.25 in a research report on Monday, September 12th. Stifel Nicolaus lowered shares of CubicFarm Systems from a “speculative buy” rating to a “sell” rating in a research report on Monday, September 12th.
CubicFarm Systems Stock Performance
The company has a market capitalization of C$27.86 million and a PE ratio of -0.72. The company has a debt-to-equity ratio of 30.71, a quick ratio of 0.96 and a current ratio of 2.12. The stock’s fifty day simple moving average is C$0.31 and its 200-day simple moving average is C$0.65.
About CubicFarm Systems
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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