Canopy Growth (TSE:WEED) Lowered to Underperform Rating by ATB Capital

Canopy Growth (TSE:WEED) was downgraded by research analysts at ATB Capital from a “sector perform” rating to an “underperform” rating in a research note issued to investors on Tuesday,BayStreet.CA reports. They currently have a C$4.00 price objective on the stock, down from their previous price objective of C$6.00. ATB Capital’s price objective indicates a potential downside of 9.09% from the stock’s current price.

Canopy Growth Stock Up 1.9 %

Shares of Canopy Growth stock traded up C$0.08 during trading hours on Tuesday, reaching C$4.40. 933,403 shares of the company were exchanged, compared to its average volume of 2,072,277. The company has a debt-to-equity ratio of 117.00, a quick ratio of 2.32 and a current ratio of 2.15. Canopy Growth has a 1 year low of C$3.74 and a 1 year high of C$20.50. The firm has a market cap of C$373.38 million, a PE ratio of -0.56, a PEG ratio of -0.01 and a beta of 1.79. The stock’s fifty day moving average is C$5.77 and its 200 day moving average is C$7.70.

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.