Farmers Edge (OTC: FMEGF) shares a 47.6% drop

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Farmers Edge Inc. (OTC: FMEGF – Get Rating) traded down 47.6% in Wednesday’s midday session. The company traded as low as $1.00 and last traded at $1.00. 150 shares were traded during trading, down 84% from the average session volume of 948 shares. The stock previously closed at $1.92.

Analysts set new price targets

A number of research analysts have recently released reports on the stock. Raymond James cut his price target on Farmers Edge shares from C$4.50 to C$3.50 in a Friday, May 20 report. Canaccord Genuity Group lowered its price target on Farmers Edge shares from C$3.50 to C$2.50 in a Tuesday, May 17 research report.

Farmers Edge Trading down 47.6%

The company’s 50-day moving average price is $1.87.

Farmers Edge Company Profile

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Farmers Edge Inc develops digital farming solutions in Canada, USA, Brazil, Australia, Russia and Ukraine. It offers FarmCommand, a cloud-based analytics software platform that provides real-time monitoring, alerts, predictive models, and results-based data recommendations offered through a web-based platform, mobile app and a universal terminal.

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