Argus Research has downgraded Beyond Meat (BYND) to sell from hold. This is based on falling demand coupled with high cost of production partly due to using co-manufactures. Following cancelation of agreements with foodservice and QSR 
customers, Beyond Meat amended projected sales and increased losses. This Company appears to be in a downward spiral. The company has laid-off 20 percent of staff and has experienced an exodus of experienced executives.
BYND has traded over the past 52 weeks in a range of $74.00 down to $11.56 with a 50-day moving average of $14.12. Year to date BYND is down 70 percent compared to the S&P 500 index down 17 percent. As of November 30th 46 percent of shares were short. The 12-month trailing operating margin was -76.5 percent and 
profit margin -86.4 percent. The company has generated a return on assets of -16.4 percent and an eye-watering -1,167 percent on equity.