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. and changed its name to CubicFarms Systems Corp. in June 2016. CubicFarms Systems Corp was incorporated in 2015 and is headquartered in Langley, Canada.
CubicFarm Systems Stock Performance
Shares of TSE:CUB traded up C$0.01 during midday trading on Friday, reaching C$0.44. 2,260 shares of the company's stock traded hands, compared to its average volume of 96,950. The company has a market cap of C$77.58 million and a price-to-earnings ratio of -2.08. The company has a debt-to-equity ratio of 13.28, a quick ratio of 1.10 and a current ratio of 2.25. CubicFarm Systems has a one year low of C$0.35 and a one year high of C$1.70. The stock has a 50 day moving average of C$0.46 and a 200 day moving average of C$0.83.
CubicFarm Systems (TSE:CUB - Get Rating) last issued its quarterly earnings results on Monday, May 16th. The company reported C($0.05) EPS for the quarter, hitting analysts' consensus estimates of C($0.05). The company had revenue of C$0.24 million during the quarter, compared to analysts' expectations of C$1.98 million. As a group, equities research analysts anticipate that CubicFarm Systems will post -0.07 EPS for the current fiscal year.
Analyst Ratings Changes
CUB has been the subject of a number of research analyst reports. Raymond James downgraded CubicFarm Systems to a "hold" rating and set a C$1.00 price target for the company. in a research report on Friday, June 17th. Stifel Nicolaus reduced their price target on CubicFarm Systems from C$1.10 to C$0.95 in a research note on Monday, June 6th.