Canopy Growth (NASDAQ:CGC – Get Free Report) will likely be releasing its earnings results before the market opens on Friday, February 7th. Analysts expect Canopy Growth to post earnings of ($0.38) per share and revenue of $69.45 million for the quarter. Investors interested in listening to the company’s conference call can do so using this link.
Canopy Growth Stock Up 5.1 %
Canopy Growth stock opened at $2.07 on Wednesday. Canopy Growth has a fifty-two week low of $1.85 and a fifty-two week high of $14.92. The company has a market cap of $269.99 million, a PE ratio of -0.42 and a beta of 0.86. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.07 and a current ratio of 1.39. The business’s 50-day simple moving average is $2.79 and its two-hundred day simple moving average is $4.36.
Analyst Ratings Changes
Separately, Atb Cap Markets downgraded shares of Canopy Growth from a “hold” rating to a “strong sell” rating in a report on Monday, December 16th.
About Canopy Growth
Canopy Growth Corporation, together with its subsidiaries, engages in the production, distribution, and sale of cannabis and hemp-based products for recreational and medical purposes primarily in the United States, Canada, Germany, and internationally. It operates through Canada Cannabis, International Markets Cannabis, and Storz & Bickel segments.
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