Aurora Cannabis Inc. (NASDAQ:ACB - Get Free Report)'s share price was down 5.2% on Thursday . The stock traded as low as $4.33 and last traded at $4.42. Approximately 632,491 shares traded hands during trading, a decline of 28% from the average daily volume of 875,832 shares. The stock had previously closed at $4.66.
Analysts Set New Price Targets
A number of equities research analysts have recently issued reports on the stock. TD Securities raised shares of Aurora Cannabis to a "strong-buy" rating in a research report on Thursday, December 12th. TD Cowen began coverage on Aurora Cannabis in a report on Wednesday, December 11th. They set a "buy" rating for the company.
View Our Latest Report on Aurora Cannabis
Aurora Cannabis Stock Performance
The company has a current ratio of 3.83, a quick ratio of 1.88 and a debt-to-equity ratio of 0.07. The company has a market cap of $226.50 million, a P/E ratio of -5.43 and a beta of 1.86. The business's 50 day simple moving average is $4.52 and its 200 day simple moving average is $5.34.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently added to or reduced their stakes in ACB. Tidal Investments LLC lifted its holdings in shares of Aurora Cannabis by 2.7% in the third quarter. Tidal Investments LLC now owns 1,344,321 shares of the company's stock worth $7,905,000 after buying an additional 34,988 shares in the last quarter. Headlands Technologies LLC increased its holdings in shares of Aurora Cannabis by 98.8% in the second quarter. Headlands Technologies LLC now owns 74,988 shares of the company's stock worth $346,000 after purchasing an additional 37,269 shares during the last quarter. TD Asset Management Inc bought a new position in shares of Aurora Cannabis during the 2nd quarter valued at approximately $255,000. Mackenzie Financial Corp purchased a new position in shares of Aurora Cannabis in the second quarter valued at $113,000. Finally, Toronto Dominion Bank increased its position in Aurora Cannabis by 34,356.4% in the second quarter. Toronto Dominion Bank now owns 18,951 shares of the company's stock worth $88,000 after purchasing an additional 18,896 shares during the last quarter. 47.63% of the stock is currently owned by institutional investors.
About Aurora Cannabis
(
Get Free Report)
Aurora Cannabis Inc, together with its subsidiaries, produces, distributes, and sells cannabis and cannabis-derivative products in Canada and internationally. It operates through three segments: Canadian Cannabis, European Cannabis, and Plant Propagation. The company produces, distributes, and sells medical and consumer cannabis products in Canada.
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