Shares of Organigram Holdings Inc. (TSE:OGI - Get Free Report) traded up 9.8% during trading on Wednesday . The stock traded as high as C$2.36 and last traded at C$2.35. 157,768 shares changed hands during mid-day trading, a decline of 17% from the average session volume of 190,548 shares. The stock had previously closed at C$2.14.
Analysts Set New Price Targets
Several brokerages have weighed in on OGI. ATB Capital lowered their target price on shares of Organigram from C$5.25 to C$3.50 in a research report on Tuesday, December 17th. Canaccord Genuity Group dropped their price objective on shares of Organigram from C$3.60 to C$3.15 and set a "speculative buy" rating for the company in a research note on Monday, December 9th.
Check Out Our Latest Stock Analysis on OGI
Organigram Stock Performance
The firm has a 50-day moving average price of C$2.23 and a 200-day moving average price of C$2.32. The company has a market capitalization of C$258.40 million, a price-to-earnings ratio of -0.95, a PEG ratio of 0.42 and a beta of 1.13. The company has a current ratio of 6.95, a quick ratio of 2.62 and a debt-to-equity ratio of 1.13.
Organigram Company Profile
(
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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.
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