CubicFarm Systems (TSE:CUB – Get Rating) was downgraded by investment analysts at Raymond James to a “hold” rating in a research report issued to clients and investors on Friday, TipRanks reports. They presently have a C$1.00 target price on the stock. Raymond James’ target price suggests a potential upside of 119.78% from the stock’s previous close. Raymond James also issued estimates for CubicFarm Systems’ Q2 2022 earnings at ($0.03) EPS and FY2022 earnings at ($0.13) EPS.
Separately, Stifel Nicolaus lowered their target price on shares of CubicFarm Systems from C$1.10 to C$0.95 in a report on Monday, June 6th.
CUB stock traded down C$0.02 during mid-day trading on Friday, reaching C$0.46. 37,033 shares of the company traded hands, compared to its average volume of 98,494. CubicFarm Systems has a fifty-two week low of C$0.45 and a fifty-two week high of C$1.70. The firm’s 50 day moving average price is C$0.78 and its 200 day moving average price is C$1.01. The stock has a market cap of C$81.15 million and a price-to-earnings ratio of -2.18. The company has a quick ratio of 1.10, a current ratio of 2.25 and a debt-to-equity ratio of 13.28.
CubicFarm Systems Company Profile (Get Rating)
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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