Canopy Growth (TSE:WEED) Sets New 1-Year Low - Here's What Happened

Canopy Growth Corp (TSE:WEED - Get Free Report)'s stock price reached a new 52-week low on Monday . The company traded as low as C$1.58 and last traded at C$1.60, with a volume of 522700 shares traded. The stock had previously closed at C$1.69.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on WEED. ATB Capital cut their price target on shares of 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. Canaccord Genuity Group cut their target price on shares of Canopy Growth from C$2.50 to C$1.50 and set a "sell" rating on the stock in a research note on Monday, February 10th. Four research analysts have rated the stock with a sell rating and one has given a hold rating to the stock. According to MarketBeat, Canopy Growth presently has a consensus rating of "Reduce" and a consensus target price of C$5.64.

Canopy Growth Stock Performance

The stock's 50 day moving average price is C$2.76 and its 200 day moving average price is C$4.77. The firm has a market cap of C$259.00 million, a PE ratio of -0.23, a P/E/G ratio of -0.01 and a beta of 1.79. The company has a current ratio of 1.39, a quick ratio of 2.32 and a debt-to-equity ratio of 120.38.

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.