Canopy Growth (TSE:WEED) Reaches New 1-Year Low - Here's Why

Canopy Growth Corp (TSE:WEED - Get Free Report)'s share price hit a new 52-week low during trading on Monday . The company traded as low as C$2.71 and last traded at C$2.88, with a volume of 778942 shares traded. The stock had previously closed at C$2.87.

Wall Street Analysts Forecast Growth

Separately, ATB Capital cut shares of Canopy Growth from a "sector perform" rating to an "underperform" rating and cut their price target for the stock from C$6.00 to C$4.00 in a report on Tuesday, December 17th.

Canopy Growth Stock Down 27.6 %

The firm has a 50 day moving average of C$3.92 and a two-hundred day moving average of C$6.06. The company has a current ratio of 2.15, a quick ratio of 2.32 and a debt-to-equity ratio of 117.00. The stock has a market capitalization of C$245.25 million, a PE ratio of -0.37, a P/E/G ratio of -0.01 and a beta of 1.79.

Canopy Growth Company Profile

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.