Canopy Growth (TSE:WEED) Sets New 1-Year Low - Time to Sell?

Canopy Growth Corp (TSE:WEED - Get Free Report) hit a new 52-week low during mid-day trading on Monday . The company traded as low as C$1.81 and last traded at C$1.82, with a volume of 1131063 shares traded. The stock had previously closed at C$2.03.

Wall Street Analyst Weigh In

WEED has been the subject of a number of recent analyst reports. Canaccord Genuity Group lowered their price objective on Canopy Growth from C$2.50 to C$1.50 and set a "sell" rating for the company in a research note on Monday, February 10th. ATB Capital reduced their price objective on Canopy Growth from C$4.00 to C$3.20 and set an "underperform" rating on the stock in a research note on Monday, February 10th. Four equities research analysts have rated the stock with a sell rating and one has assigned a hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Reduce" and a consensus target price of C$5.64.

Canopy Growth Stock Performance

The firm has a market cap of C$289.56 million, a price-to-earnings ratio of -0.26, a PEG ratio of -0.01 and a beta of 1.79. The stock's fifty day moving average is C$3.05 and its two-hundred day moving average is C$5.08. The company has a debt-to-equity ratio of 120.38, a quick ratio of 2.32 and a current ratio of 1.39.

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.