Avid Bioservices, Inc. ( NASDAQ:CDMO – Get Free Report )'s stock price reached a new 52-week low on Friday after TheStreet downgraded the stock from a c rating to a d+ rating. The stock traded as low as $10.08 and last traded at $10.58, with a volume of 63865 shares. The stock had previously closed at $11.62. CDMO has been the topic of several other reports. Royal Bank of Canada reduced their target price on Avid Bioservices from $17.00 to $15.00 and set an 'outperform' rating on the stock in a report on Friday.

https://www.dailypolitical.com/2023/09/09/avid-bioservices-nasdaqcdmo-reaches-new-1-year-low-on-analyst-downgrade.html

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