Tidewater Renewables (TSE:LCFS) Sets New 52-Week Low – Time to Sell?

Shares of Tidewater Renewables Ltd. (TSE:LCFS) hit a new 52-week low during trading on Thursday . The company traded as low as C$0.81 and last traded at C$0.85, with a volume of 17500 shares. The stock had previously closed at C$0.85.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on LCFS shares. ATB Capital decreased their price objective on shares of Tidewater Renewables from C$5.00 to C$3.00 and set a “speculative buy” rating for the company in a research report on Friday, November 15th. Acumen Capital downgraded Tidewater Renewables from a “speculative buy” rating to a “hold” rating and reduced their price target for the company from C$13.75 to C$4.75 in a report on Monday, August 19th. National Bankshares downgraded Tidewater Renewables from a “sector perform” rating to an “underperform” rating and dropped their price objective for the stock from C$12.00 to C$3.50 in a report on Friday, August 16th. Finally, CIBC cut Tidewater Renewables from an “outperform” rating to a “neutral” rating and reduced their target price for the company from C$12.00 to C$4.50 in a research note on Friday, August 16th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of C$6.68.

Tidewater Renewables Stock Up 5.9 %

The company has a quick ratio of 0.10, a current ratio of 0.30 and a debt-to-equity ratio of 60.43. The firm has a market capitalization of C$31.39 million, a price-to-earnings ratio of -3.10 and a beta of 1.36. The stock has a 50 day moving average of C$1.82 and a 200 day moving average of C$5.04.

Tidewater Renewables Company Profile

Tidewater Renewables Ltd. engages in production of renewable fuel in North America. It intends to focus on the production of low carbon fuels, including renewable diesel, renewable hydrogen, and renewable natural gas, as well as carbon capture. The company intends to supply low carbon fuels to investment grade counterparties, existing customers, government entities, Indigenous groups, and others in the transportation, utilities, refining, marketing, and power industries.