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MicroSalt plc ( (GB:SALT) ) just unveiled an update.
MicroSalt plc has announced a strategic partnership with Daiya Foods, a leader in dairy-free and plant-based food innovation. This collaboration marks a significant expansion for MicroSalt, integrating its low-sodium salt into Daiya’s product lines, particularly focusing on cheese and pizza dough. The partnership is expected to enhance MicroSalt’s presence beyond the snack sector, reinforcing its position as a preferred partner for global food manufacturers aiming to meet the rising consumer demand for healthier, full-flavour products. This move aligns with the global trend towards sodium reduction, potentially impacting both companies’ market reach and consumer offerings.
The most recent analyst rating on (GB:SALT) stock is a Hold with a £53.00 price target. To see the full list of analyst forecasts on MicroSalt plc stock, see the GB:SALT Stock Forecast page.
Spark’s Take on GB:SALT Stock
According to Spark, TipRanks’ AI Analyst, GB:SALT is a Neutral.
MicroSalt plc’s overall stock score is primarily impacted by its weak financial performance, characterized by persistent losses and negative equity. Technical analysis further reflects bearish momentum, with the stock trading below key moving averages and indicators in oversold territory. Valuation is also a concern, with a negative P/E ratio and no dividend yield, making the stock less attractive to investors.
To see Spark’s full report on GB:SALT stock, click here.
More about MicroSalt plc
MicroSalt plc is a leading manufacturer in the global salt market, known for its innovative full-flavour, low-sodium salt products. Utilizing proprietary micron-sized particles, MicroSalt delivers the same taste as traditional salt with approximately 50% less sodium. The company is focused on providing scalable solutions to reduce sodium intake, addressing a significant health challenge worldwide. Since its inception in 2018, MicroSalt has established a strong intellectual property portfolio and is positioned for growth in the £10+ billion global salt market.
Average Trading Volume: 34,782
Technical Sentiment Signal: Strong Sell
Current Market Cap: £28.58M
For a thorough assessment of SALT stock, go to TipRanks’ Stock Analysis page.