Afentra (LON:AET) Sets New 1-Year Low – Time to Sell?

Shares of Afentra plc (LON:AET) hit a new 52-week low on Friday . The company traded as low as GBX 34.55 ($0.45) and last traded at GBX 37.91 ($0.49), with a volume of 2206522 shares changing hands. The stock had previously closed at GBX 38.70 ($0.50).

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on AET shares. Shore Capital reiterated a “buy” rating on shares of Afentra in a research note on Tuesday, March 18th. Canaccord Genuity Group reissued a “buy” rating and set a GBX 96 ($1.24) price target on shares of Afentra in a research note on Wednesday, March 19th.

Afentra Stock Down 2.0 %

The firm has a 50-day moving average price of GBX 43.33 and a two-hundred day moving average price of GBX 46.20. The company has a debt-to-equity ratio of 85.96, a current ratio of 0.78 and a quick ratio of 28.92. The company has a market capitalization of £107.08 million, a price-to-earnings ratio of 541.59 and a beta of 0.10.

Afentra Company Profile

Afentra plc, together with its subsidiaries, operates as an upstream oil and gas company primarily in Africa. The company is involved in the appraisal, exploration, development, and production of oil and gas. It holds 34% interest in an exploration project covering approximately 22,840 square kilometers located in Somaliland.