Canopy Growth (TSE:WEED) Hits New 52-Week Low – Here’s Why

Shares of Canopy Growth Corp (TSE:WEED) hit a new 52-week low during trading on Thursday . The stock traded as low as C$3.09 and last traded at C$3.19, with a volume of 629061 shares. The stock had previously closed at C$3.19.

Wall Street Analyst Weigh In

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

Canopy Growth Stock Down 1.9 %

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 50 day moving average price of C$4.56 and a 200-day moving average price of C$6.63. The stock has a market capitalization of C$268.16 million, a P/E ratio of -0.40, a PEG 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.