Aurora Cannabis (NASDAQ:ACB) Shares Down 5.2% – Time to Sell?

Shares of Aurora Cannabis Inc. (NASDAQ:ACB) traded down 5.2% during trading on Thursday . The stock traded as low as $4.33 and last traded at $4.42. 632,491 shares were traded during trading, a decline of 28% from the average session volume of 875,832 shares. The stock had previously closed at $4.66.

Analyst Ratings Changes

Several analysts recently commented on the stock. TD Securities upgraded shares of Aurora Cannabis to a “strong-buy” rating in a research report on Thursday, December 12th. TD Cowen started coverage on shares of Aurora Cannabis in a research report on Wednesday, December 11th. They issued a “buy” rating for the company.

Aurora Cannabis Stock Down 6.6 %

The business’s 50 day moving average is $4.52 and its 200-day moving average is $5.34. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.88 and a current ratio of 3.83. The firm has a market capitalization of $226.50 million, a price-to-earnings ratio of -5.43 and a beta of 1.86.

Institutional Trading of Aurora Cannabis

Hedge funds have recently bought and sold shares of the stock. Cubist Systematic Strategies LLC bought a new position in Aurora Cannabis during the 2nd quarter valued at about $50,000. Toronto Dominion Bank lifted its holdings in Aurora Cannabis by 34,356.4% during the 2nd quarter. Toronto Dominion Bank now owns 18,951 shares of the company’s stock valued at $88,000 after purchasing an additional 18,896 shares during the last quarter. Mackenzie Financial Corp bought a new position in Aurora Cannabis during the 2nd quarter valued at about $113,000. Tidal Investments LLC lifted its holdings in Aurora Cannabis by 2.7% during the 3rd quarter. Tidal Investments LLC now owns 1,344,321 shares of the company’s stock valued at $7,905,000 after purchasing an additional 34,988 shares during the last quarter. Finally, Headlands Technologies LLC lifted its holdings in Aurora Cannabis by 98.8% during the 2nd quarter. Headlands Technologies LLC now owns 74,988 shares of the company’s stock valued at $346,000 after purchasing an additional 37,269 shares during the last quarter. 47.63% of the stock is owned by institutional investors.

About Aurora Cannabis

Aurora Cannabis Inc, together with its subsidiaries, produces, distributes, and sells cannabis and cannabis-derivative products in Canada and internationally. It operates through three segments: Canadian Cannabis, European Cannabis, and Plant Propagation. The company produces, distributes, and sells medical and consumer cannabis products in Canada.