Flora Growth (FLGC) to Release Earnings on Thursday

Flora Growth (NASDAQ:FLGC) will likely be posting its quarterly earnings results before the market opens on Thursday, March 27th. Analysts expect Flora Growth to post earnings of ($0.11) per share for the quarter.

Flora Growth Stock Performance

Shares of Flora Growth stock opened at $0.65 on Thursday. The firm’s 50-day simple moving average is $0.82 and its 200-day simple moving average is $1.18. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.64 and a current ratio of 1.02. Flora Growth has a 1 year low of $0.59 and a 1 year high of $2.93.

Wall Street Analyst Weigh In

Separately, Aegis assumed coverage on shares of Flora Growth in a research note on Monday, November 25th. They issued a “buy” rating and a $4.00 target price on the stock.

Flora Growth Company Profile

Flora Growth Corp., together with its subsidiaries, engages in the growth, cultivation, and development of medicinal cannabis and medicinal cannabis derivative products worldwide. It operates through three segments: House of Brands, Commercial and Wholesale, and Pharmaceuticals. The company cultivates, processes, and supplies medicinal-grade cannabis flower, and cannabis derived medical and wellness products.