Organigram (TSE:OGI) Sets New 12-Month Low – Time to Sell?

Organigram Holdings Inc. (TSE:OGI)’s stock price hit a new 52-week low during trading on Monday . The stock traded as low as C$1.24 and last traded at C$1.31, with a volume of 256864 shares trading hands. The stock had previously closed at C$1.32.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on OGI shares. Canaccord Genuity Group cut their target price on Organigram from C$3.60 to C$3.15 and set a “speculative buy” rating on the stock in a research note on Monday, December 9th. ATB Capital cut their price objective on Organigram from C$5.25 to C$3.50 in a research report on Tuesday, December 17th.

Organigram Trading Up 1.5 %

The company has a debt-to-equity ratio of 3.07, a quick ratio of 2.62 and a current ratio of 3.36. The firm has a market capitalization of C$165.55 million, a PE ratio of -2.83, a P/E/G ratio of 0.42 and a beta of 1.13. The stock’s 50-day simple moving average is C$1.73 and its 200-day simple moving average is C$2.09.

Organigram Company Profile

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.