Raymond James Lowers CubicFarm Systems (OTCMKTS:CUBXF) to Market Perform

CubicFarm Systems (OTCMKTS:CUBXF – Get Rating) was downgraded by research analysts at Raymond James from an “outperform” rating to a “market perform” rating in a research note issued to investors on Friday, The Fly reports.

Separately, Stifel Nicolaus dropped their price target on CubicFarm Systems from C$1.10 to C$0.95 in a research report on Monday, June 6th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of $1.35.

OTCMKTS:CUBXF opened at $0.38 on Friday. CubicFarm Systems has a 1-year low of $0.20 and a 1-year high of $1.85. The business’s fifty day moving average price is $0.61 and its 200 day moving average price is $0.80.

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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