Canopy Growth (TSE:WEED) Hits New 1-Year Low – Should You Sell?

Canopy Growth Corp (TSE:WEED)’s stock price reached a new 52-week low during mid-day trading on Friday . The stock traded as low as C$3.44 and last traded at C$3.53, with a volume of 1256875 shares traded. The stock had previously closed at C$3.79.

Analyst Ratings Changes

Separately, ATB Capital downgraded Canopy Growth from a “sector perform” rating to an “underperform” rating and dropped their price target for the stock from C$6.00 to C$4.00 in a research note on Tuesday, December 17th.

Canopy Growth Trading Down 7.1 %

The company has a debt-to-equity ratio of 117.00, a current ratio of 2.15 and a quick ratio of 2.32. The stock has a market cap of C$298.71 million, a PE ratio of -0.45, a price-to-earnings-growth ratio of -0.01 and a beta of 1.79. The stock has a 50-day moving average price of C$4.91 and a two-hundred day moving average price of C$6.82.

Canopy Growth Company Profile

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.