CannTrust (TSE:TRST) Hits New 1-Year Low at $4.58
CannTrust Holdings Inc (TSE:TRST)’s stock price hit a new 52-week low during trading on Tuesday . The company traded as low as C$4.58 and last traded at C$4.60, with a volume of 1417633 shares trading hands. The stock had previously closed at C$5.00.
TRST has been the topic of a number of analyst reports. Jefferies Financial Group increased their target price on Monster Beverage from $65.00 to $70.00 and gave the company a “buy” rating in a report on Friday, May 3rd. Eight Capital lowered their target price on CannTrust from C$25.00 to C$17.00 in a report on Friday, March 29th. Bank of America reiterated a “buy” rating and set a C$11.00 target price on shares of CannTrust in a report on Friday, May 24th. Canaccord Genuity reiterated a “buy” rating on shares of Dart Group in a report on Thursday. Finally, Cormark increased their target price on Parex Resources from C$32.50 to C$35.00 in a report on Tuesday.
The stock has a market cap of $667.80 million and a PE ratio of -33.39. The company has a debt-to-equity ratio of 8.20, a quick ratio of 1.90 and a current ratio of 5.64. The business’s fifty day simple moving average is C$6.73.
CannTrust Holdings Inc produces and sells medical and recreational cannabis in Canada. It sells dried cannabis and cannabis extracts to the medical patients. CannTrust Holdings Inc was incorporated in 2015 and is headquartered in Vaughan, Canada.
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