Anaergia (OTCMKTS:ANRGF) Share Price Passes Below 200 Day Moving Average of $2.73

Shares of Anaergia Inc. (OTCMKTS:ANRGF – Get Rating) passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $2.73 and traded as low as $0.56. Anaergia shares last traded at $0.58, with a volume of 7,751 shares traded.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. Scotiabank dropped their price objective on Anaergia from C$7.25 to C$4.75 in a research note on Tuesday, April 11th. National Bank Financial lowered shares of Anaergia from a “sector perform” rating to an “underperform” rating in a report on Wednesday, April 19th. TD Securities cut their target price on shares of Anaergia from C$9.50 to C$4.50 in a research note on Wednesday, April 12th. BMO Capital Markets cut their target price on shares of Anaergia from C$3.00 to C$1.00 in a research note on Monday, May 15th. Finally, Stifel Nicolaus cut their target price on shares of Anaergia from C$6.00 to C$4.20 in a research note on Friday, May 19th.

Anaergia Trading Down 3.3 %

The company has a market cap of $16.38 million, a price-to-earnings ratio of -2.07 and a beta of 2.43. The business has a fifty day moving average price of $1.20 and a two-hundred day moving average price of $2.73.

About Anaergia

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Anaergia Inc, together with its subsidiaries, provides solutions for the generation of renewable energy and conversion of waste to resources. The company offers anaerobic digestion technologies for the production of clean energy, fertilizers, and recycled water from waste streams. It offers wastewater resource recovery, municipal solid waste, and agri-food solutions.