Organigram Global (NASDAQ:OGI) Trading Up 2.9% – Should You Buy?

Organigram Global Inc. (NASDAQ:OGI)’s share price traded up 2.9% during trading on Friday . The stock traded as high as $1.44 and last traded at $1.42. 546,098 shares changed hands during trading, a decline of 17% from the average session volume of 657,847 shares. The stock had previously closed at $1.38.

Organigram Global Trading Up 2.9%

The company’s 50-day simple moving average is $1.30 and its 200 day simple moving average is $1.30. The stock has a market cap of $190.19 million, a P/E ratio of 14.20 and a beta of 1.36.

Hedge Funds Weigh In On Organigram Global

Hedge funds have recently modified their holdings of the company. Two Sigma Securities LLC bought a new position in shares of Organigram Global during the 4th quarter worth approximately $26,000. Wealth Enhancement Advisory Services LLC purchased a new stake in shares of Organigram Global during the 1st quarter worth approximately $30,000. Oxford Asset Management LLP purchased a new stake in shares of Organigram Global during the 4th quarter worth approximately $50,000. Cubist Systematic Strategies LLC increased its stake in shares of Organigram Global by 210.7% during the 4th quarter. Cubist Systematic Strategies LLC now owns 45,095 shares of the company’s stock worth $73,000 after purchasing an additional 30,583 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in shares of Organigram Global by 13.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 359,739 shares of the company’s stock worth $579,000 after purchasing an additional 43,721 shares during the last quarter. Institutional investors own 34.63% of the company’s stock.

About Organigram Global

Organigram Holdings Inc, through its subsidiaries, engages in the production and sale of cannabis and cannabis-derived products in Canada. It offers medical cannabis products, including whole flower, milled flower, pre-rolls, infused pre-rolls, vapes, gummies, and concentrates for medical retailers; adult use recreational cannabis under the SHRED, Holy Mountain, Big Bag O' Buds, Monjour, Trailblazer, SHRED'ems, Edison Cannabis Co, Edison JOLTS, Tremblant, and Laurentian brands.