ATB Capital downgraded shares of Canopy Growth (TSE:WEED - Free Report) from a sector perform rating to an underperform rating in a report released on Tuesday,BayStreet.CA reports. ATB Capital currently has C$4.00 price target on the stock, down from their prior price target of C$6.00.
Canopy Growth Stock Performance
WEED traded up C$0.06 during trading on Tuesday, hitting C$4.38. The company's stock had a trading volume of 1,276,253 shares, compared to its average volume of 2,073,750. Canopy Growth has a one year low of C$3.74 and a one year high of C$20.50. The business's 50 day simple moving average is C$5.74 and its 200-day simple moving average is C$7.64. The company has a quick ratio of 2.32, a current ratio of 2.15 and a debt-to-equity ratio of 117.00. The firm has a market cap of C$371.69 million, a PE ratio of -0.55, a P/E/G ratio of -0.01 and a beta of 1.79.
About Canopy Growth
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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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