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

Canopy Growth Corp (TSE:WEED) shares hit a new 52-week low during mid-day trading on Thursday . The stock traded as low as C$3.09 and last traded at C$3.19, with a volume of 629061 shares changing hands. The stock had previously closed at C$3.19.

Wall Street Analyst Weigh In

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

Canopy Growth Stock Performance

The stock has a market capitalization of C$273.25 million, a PE ratio of -0.41, a P/E/G ratio of -0.01 and a beta of 1.79. The business’s fifty day moving average price is C$4.67 and its 200-day moving average price is C$6.71. The company has a debt-to-equity ratio of 117.00, a current ratio of 2.15 and a quick ratio of 2.32.

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.