Canopy Growth (TSE:WEED) Hits New 12-Month Low – Here’s What Happened

Canopy Growth Corp (TSE:WEED)’s share price reached a new 52-week low on Friday . The stock traded as low as C$1.18 and last traded at C$1.27, with a volume of 846282 shares traded. The stock had previously closed at C$1.38.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. Canaccord Genuity Group decreased their price objective on shares of Canopy Growth from C$2.50 to C$1.50 and set a “sell” rating for the company in a research note on Monday, February 10th. ATB Capital dropped their price target on Canopy Growth from C$4.00 to C$3.20 and set an “underperform” rating on the stock in a report on Monday, February 10th. Four analysts have rated the stock with a sell rating and one has given a hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Reduce” and a consensus target price of C$5.64.

Canopy Growth Stock Performance

The company has a debt-to-equity ratio of 120.38, a quick ratio of 2.32 and a current ratio of 1.39. The company’s 50 day moving average price is C$2.17 and its 200-day moving average price is C$4.19. The company has a market cap of C$209.13 million, a PE ratio of -0.19, a price-to-earnings-growth ratio of -0.01 and a beta of 1.79.

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.