Canopy Growth (TSE:WEED) Hits New 12-Month Low - What's Next?

Canopy Growth Corp (TSE:WEED - Get Free Report)'s share price hit a new 52-week low during mid-day 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 traded. The stock had previously closed at C$3.19.

Wall Street Analysts Forecast Growth

Separately, ATB Capital cut Canopy Growth from a "sector perform" rating to an "underperform" rating and dropped their price target 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's 50-day moving average is C$4.56 and its two-hundred day moving average is C$6.63. 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 company has a market cap of C$268.16 million, a P/E ratio of -0.40, a P/E/G ratio of -0.01 and a beta of 1.79.

About Canopy Growth

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.

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