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Lake Street Thinks AquaBounty Technologies’ Stock is Going to Recover

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In a report released today, Ben Klieve from Lake Street reiterated a Buy rating on AquaBounty Technologies (AQBResearch Report), with a price target of $8.00. The company’s shares closed last Thursday at $1.90, close to its 52-week low of $1.32.

Klieve has an average return of 61.7% when recommending AquaBounty Technologies.

According to TipRanks.com, Klieve is ranked #410 out of 7798 analysts.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for AquaBounty Technologies with a $8.00 average price target.

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The company has a one-year high of $8.14 and a one-year low of $1.32. Currently, AquaBounty Technologies has an average volume of 1.05M.

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AquaBounty Technologies, Inc. is a biotechnology company, which focuses on the enhancement and improvement of the productivity in commercial aquaculture. It uses genetic manipulation and other molecular biologic techniques in order to improve the quality and yield of fish stocks. The company was founded by Elliot Z. Entis and Garth L. Fletcher on December 17, 1991 and is headquartered in Maynard, MA.

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