Aurora Cannabis (NASDAQ:ACB - Get Free Report) was upgraded by investment analysts at Atb Cap Markets from a "hold" rating to a "strong-buy" rating in a research note issued to investors on Wednesday,Zacks.com reports.
ACB has been the subject of a number of other reports. TD Cowen started coverage on shares of Aurora Cannabis in a report on Wednesday, December 11th. They issued a "buy" rating for the company. TD Securities raised Aurora Cannabis to a "strong-buy" rating in a research report on Thursday, December 12th.
Check Out Our Latest Analysis on Aurora Cannabis
Aurora Cannabis Stock Up 9.8 %
ACB stock traded up $0.59 during trading on Wednesday, hitting $6.62. 6,298,091 shares of the company's stock were exchanged, compared to its average volume of 4,714,810. The business has a 50-day moving average price of $4.27 and a two-hundred day moving average price of $5.15. The company has a current ratio of 3.30, a quick ratio of 1.88 and a debt-to-equity ratio of 0.07. The stock has a market capitalization of $363.06 million, a price-to-earnings ratio of 132.03 and a beta of 1.84. Aurora Cannabis has a 52-week low of $2.84 and a 52-week high of $9.35.
Aurora Cannabis (NASDAQ:ACB - Get Free Report) last issued its earnings results on Wednesday, February 5th. The company reported $0.06 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.09) by $0.15. Aurora Cannabis had a net margin of 0.42% and a return on equity of 0.59%. As a group, equities research analysts expect that Aurora Cannabis will post -0.1 EPS for the current year.
Institutional Investors Weigh In On Aurora Cannabis
Hedge funds have recently added to or reduced their stakes in the company. Cubist Systematic Strategies LLC acquired a new position in shares of Aurora Cannabis during the 2nd quarter worth $50,000. Tidal Investments LLC boosted its holdings in Aurora Cannabis by 2.7% during 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. Wealthspire Advisors LLC acquired a new position in Aurora Cannabis during the fourth quarter worth about $149,000. Finally, SBI Securities Co. Ltd. purchased a new position in Aurora Cannabis in the fourth quarter valued at about $31,000. Institutional investors and hedge funds own 47.63% of the company's stock.
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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