Organigram (TSE:OGI) Trading Down 5.2% - Should You Sell?

Shares of Organigram Holdings Inc. (TSE:OGI - Get Free Report) fell 5.2% on Friday . The company traded as low as C$1.44 and last traded at C$1.45. 115,549 shares were traded during trading, a decline of 54% from the average session volume of 249,714 shares. The stock had previously closed at C$1.53.

Wall Street Analyst Weigh In

OGI has been the subject of several research analyst reports. ATB Capital cut their target price on shares of Organigram from C$5.25 to C$3.50 in a research note on Tuesday, December 17th. Canaccord Genuity Group dropped their price target on Organigram from C$3.60 to C$3.15 and set a "speculative buy" rating on the stock in a research report on Monday, December 9th.

Organigram Stock Up 1.4 %

The company has a market cap of C$184.08 million, a PE ratio of -3.15, a P/E/G ratio of 0.42 and a beta of 1.13. The business has a 50-day simple moving average of C$1.82 and a 200-day simple moving average of C$2.13. The company has a quick ratio of 2.62, a current ratio of 3.36 and a debt-to-equity ratio of 3.07.

About Organigram

Organigram Inc is a Canadian licensed producer of cannabis products. Organigram focuses on producing exceptional, indoor-grown cannabis for patients and adult recreational consumers, as well as developing global business partnerships.