Farmer Bros Co (NASDAQ:FARM) shares reached a new 52-week low during trading on Monday . The stock traded as low as $22.75 and last traded at $22.57, with a volume of 216 shares. The stock had previously closed at $23.55.
Several research firms recently commented on FARM. BidaskClub downgraded shares of Farmer Bros from a “sell” rating to a “strong sell” rating in a report on Thursday, December 13th. Zacks Investment Research downgraded shares of Farmer Bros from a “hold” rating to a “strong sell” rating in a report on Friday, November 9th. Finally, B. Riley cut their price objective on shares of Farmer Bros from $34.00 to $32.00 and set a “buy” rating for the company in a report on Thursday, September 27th.