Canopy Growth (CGC) Expected to Announce Earnings on Friday

Canopy Growth (NASDAQ:CGC - Get Free Report) is projected to issue its quarterly earnings data before the market opens on Friday, February 7th. Analysts expect the company to announce earnings of ($0.38) per share and revenue of $69.45 million for the quarter. Investors that are interested in registering for the company's conference call can do so using this link.

Canopy Growth Stock Performance

Shares of NASDAQ CGC traded down $0.02 during midday trading on Monday, hitting $1.97. 6,182,251 shares of the company's stock were exchanged, compared to its average volume of 5,662,022. Canopy Growth has a twelve month low of $1.85 and a twelve month high of $14.92. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.39 and a quick ratio of 1.07. The firm has a market cap of $256.94 million, a P/E ratio of -0.40 and a beta of 0.87. The stock's 50 day moving average price is $2.87 and its 200-day moving average price is $4.43.

Analysts Set New Price Targets

Separately, Atb Cap Markets cut Canopy Growth from a "hold" rating to a "strong sell" rating in a research note on Monday, December 16th.

Canopy Growth Company Profile

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.