Organigram (NASDAQ:OGI - Get Free Report) released its earnings results on Wednesday. The company reported ($0.04) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.03) by ($0.01), Zacks reports. Organigram had a negative return on equity of 16.76% and a negative net margin of 45.57%.
Organigram Stock Performance
OGI traded down $0.14 during trading on Wednesday, reaching $1.47. The company had a trading volume of 2,733,918 shares, compared to its average volume of 939,532. The firm's 50-day simple moving average is $1.63 and its 200 day simple moving average is $1.68. The company has a market cap of $185.45 million, a price-to-earnings ratio of -3.50 and a beta of 1.02. Organigram has a 12-month low of $1.21 and a 12-month high of $2.91.
About Organigram
(
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Organigram Holdings Inc, through its subsidiaries, engages in the production and sale of cannabis and cannabis-derived products in Canada. It offers medical cannabis products, including whole flower, milled flower, pre-rolls, infused pre-rolls, vapes, gummies, and concentrates for medical retailers; adult use recreational cannabis under the SHRED, Holy Mountain, Big Bag O' Buds, Monjour, Trailblazer, SHRED'ems, Edison Cannabis Co, Edison JOLTS, Tremblant, and Laurentian brands.
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