Canopy Growth (TSE:WEED) Sets New 12-Month Low – Time to Sell?

Canopy Growth Corp (TSE:WEED) reached a new 52-week low during trading on Friday . The company traded as low as C$3.44 and last traded at C$3.53, with a volume of 1256875 shares. The stock had previously closed at C$3.79.

Wall Street Analyst Weigh In

Separately, ATB Capital lowered Canopy Growth from a “sector perform” rating to an “underperform” rating and lowered their price target for the stock from C$6.00 to C$4.00 in a research report on Tuesday, December 17th.

Canopy Growth Stock Performance

The business has a 50-day simple moving average of C$4.91 and a 200 day simple moving average of C$6.82. The company has a debt-to-equity ratio of 117.00, a current ratio of 2.15 and a quick ratio of 2.32. The firm has a market cap of C$298.71 million, a PE ratio of -0.45, a PEG ratio of -0.01 and a beta of 1.79.

Canopy Growth Company Profile

Canopy Growth Corporation, together with its subsidiaries, engages in growing, possession, and sale of medical cannabis in Canada. Its products include dried flowers, oils and concentrates, softgel capsules, and hemps. The company offers its products under the Tweed, Black Label, Spectrum Cannabis, DNA Genetics, Leafs By Snoop, CraftGrow, and Foria brand names.