Canopy Growth (TSE:WEED) Trading Down 6.4%

Canopy Growth Corp (TSE:WEEDGet Free Report)’s share price dropped 6.4% during trading on Monday . The company traded as low as C$9.92 and last traded at C$10.02. Approximately 473,831 shares were traded during trading, a decline of 81% from the average daily volume of 2,536,590 shares. The stock had previously closed at C$10.70.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the company. Jefferies Financial Group cut their target price on Canopy Growth from C$7.28 to C$4.90 and set a “hold” rating on the stock in a research note on Tuesday, February 27th. Sanford C. Bernstein raised their target price on Canopy Growth from C$1.49 to C$6.70 in a research report on Tuesday, January 30th. Finally, Bank of America dropped their target price on Canopy Growth from C$7.00 to C$4.00 in a research report on Wednesday, February 14th.

View Our Latest Analysis on Canopy Growth

Canopy Growth Trading Down 7.9 %

The stock has a market cap of C$898.34 million, a price-to-earnings ratio of -0.47, a PEG ratio of -0.01 and a beta of 1.63. The business has a fifty day simple moving average of C$7.03 and a 200 day simple moving average of C$4.31. The company has a debt-to-equity ratio of 127.28, a quick ratio of 2.32 and a current ratio of 1.79.

About Canopy Growth

(Get Free Report)

Canopy Growth Corporation, together with its subsidiaries, engages in growing, possession, and sale of medical cannabis in Canada. Its products include dried flowers, oils and concentrates, softgel capsules, and hemps. The company offers its products under the Tweed, Black Label, Spectrum Cannabis, DNA Genetics, Leafs By Snoop, CraftGrow, and Foria brand names.

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