Allied Minds (ALM) Reaches New 1-Year Low at $38.50

Shares of Allied Minds PLC (LON:ALM) reached a new 52-week low on Monday . The stock traded as low as GBX 38.50 ($0.50) and last traded at GBX 39.05 ($0.51), with a volume of 1364017 shares changing hands. The stock had previously closed at GBX 41 ($0.54).

Several analysts recently weighed in on the company. Credit Suisse Group decreased their price target on Allied Minds from GBX 145 ($1.89) to GBX 111 ($1.45) and set a “neutral” rating on the stock in a report on Wednesday, October 3rd. Numis Securities decreased their price target on Allied Minds from GBX 168 ($2.20) to GBX 128 ($1.67) and set a “buy” rating on the stock in a report on Thursday, September 27th.

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Allied Minds Company Profile (LON:ALM)

Allied Minds plc is a private equity and venture capital firm specializing in pre-seed, seed, start-up, and early stage technology investments. The firm prefers to invest across all products, services, and industries with a focus on the life science and technology sector including medical devices, diagnostics, biopharmaceuticals, big data, cyber security, communications, semiconductors, and food safety.

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