It's been a great morning session for AquaBounty Technologies investors, who saw their shares rise 2.6% to a price of $1.17 per share. At these higher prices, is the company still fairly valued? If you are thinking about investing, make sure to check the company's fundamentals before making a decision.
AquaBounty Technologies, Inc., a biotechnology company, focuses on enhancing productivity in the commercial aquaculture industry in the United States and Canada. The company belongs to the Consumer Defensive sector, which has an average price to earnings (P/E) ratio of 24.21 and an average price to book (P/B) ratio of 4.09. In contrast, AquaBounty Technologies has a trailing 12 month P/E ratio of -3.6 and a P/B ratio of 0.4.
AquaBounty Technologies has moved -35.2% over the last year compared to -11.6% for the S&P 500 — a difference of -23.6%. AquaBounty Technologies has a 52 week high of $2.37 and a 52 week low of $0.58.