41,507 Shares in Flora Growth Corp. (NASDAQ:FLGC) Bought by Virtu Financial LLC

Virtu Financial LLC purchased a new stake in Flora Growth Corp. (NASDAQ:FLGC) during the 4th quarter, Holdings Channel.com reports. The firm purchased 41,507 shares of the company’s stock, valued at approximately $43,000.

Separately, XTX Topco Ltd acquired a new position in Flora Growth during the 3rd quarter worth approximately $28,000. 36.01% of the stock is currently owned by institutional investors and hedge funds.

Flora Growth Stock Down 0.8 %

Flora Growth stock opened at $0.60 on Wednesday. The company has a current ratio of 1.02, a quick ratio of 0.64 and a debt-to-equity ratio of 0.43. Flora Growth Corp. has a 1-year low of $0.59 and a 1-year high of $2.75. The company has a fifty day simple moving average of $0.76 and a 200 day simple moving average of $1.16. The company has a market cap of $11.66 million, a P/E ratio of -0.45 and a beta of 1.99.

Flora Growth (NASDAQ:FLGC) last posted its quarterly earnings results on Monday, March 24th. The company reported ($0.42) earnings per share for the quarter, missing the consensus estimate of ($0.11) by ($0.31). The company had revenue of $13.33 million for the quarter, compared to analyst estimates of $13.55 million. Flora Growth had a negative return on equity of 268.17% and a negative net margin of 30.99%. Research analysts anticipate that Flora Growth Corp. will post -0.93 earnings per share for the current fiscal year.

Flora Growth 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.