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

Shares of Canopy Growth Corp (TSE:WEED - Get Free Report) reached a new 52-week low on Friday . The company traded as low as C$3.44 and last traded at C$3.53, with a volume of 1256875 shares trading hands. The stock had previously closed at C$3.79.

Analyst Upgrades and Downgrades

Separately, ATB Capital lowered Canopy Growth from a "sector perform" rating to an "underperform" rating and reduced their price objective for the stock from C$6.00 to C$4.00 in a research note on Tuesday, December 17th.

Canopy Growth Stock Down 7.1 %

The firm has a market capitalization of C$298.71 million, a price-to-earnings ratio of -0.45, a P/E/G ratio of -0.01 and a beta of 1.79. The stock has a fifty day moving average of C$4.91 and a two-hundred day moving average of C$6.84. The company has a debt-to-equity ratio of 117.00, a current ratio of 2.15 and a quick ratio of 2.32.

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.