Aurora Cannabis (TSE:ACB) Hits New 52-Week Low – Time to Sell?

Aurora Cannabis Inc. (TSE:ACB) shares reached a new 52-week low on Tuesday . The company traded as low as C$3.75 and last traded at C$3.84, with a volume of 284792 shares changing hands. The stock had previously closed at C$3.87.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the stock. Canaccord Genuity Group reduced their price objective on shares of Aurora Cannabis from C$6.50 to C$5.00 and set a “buy” rating for the company in a research report on Tuesday, June 30th. TD reduced their price objective on Aurora Cannabis from C$10.00 to C$8.00 and set a “buy” rating on the stock in a research report on Friday, June 12th. Three research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of C$7.17.

Aurora Cannabis Stock Performance

The company has a current ratio of 5.94, a quick ratio of 2.48 and a debt-to-equity ratio of 4.66. The firm has a market capitalization of C$234.76 million, a price-to-earnings ratio of -1.77 and a beta of 0.27. The stock’s 50 day moving average price is C$4.50 and its two-hundred day moving average price is C$5.01.

Aurora Cannabis (TSE:ACB) last announced its quarterly earnings results on Thursday, June 11th. The company reported C($0.99) EPS for the quarter. The firm had revenue of C$38.01 million for the quarter. Aurora Cannabis had a negative return on equity of 7.25% and a negative net margin of 12.13%. On average, analysts forecast that Aurora Cannabis Inc. will post -0.22 EPS for the current year.

Aurora Cannabis Company Profile

Aurora Cannabis, headquartered in Edmonton, Canada, cultivates and sells medicinal and recreational cannabis through a portfolio of brands that includes Aurora, CanniMed, Daily Special, MedReleaf, and San Rafael ’71. Although the company primarily operates in Canada, it has expanded internationally through medical cannabis exporting agreements or cultivation facilities in more than 20 countries.