Canopy Growth (TSE:WEED) Hits New 1-Year Low – Should You Sell?

Canopy Growth Corp (TSE:WEED)’s stock price hit a new 52-week low during mid-day trading on Monday . The company traded as low as C$2.71 and last traded at C$2.88, with a volume of 778942 shares changing hands. The stock had previously closed at C$2.87.

Analyst Upgrades and Downgrades

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

Canopy Growth Trading Up 24.1 %

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 stock’s 50 day moving average is C$3.98 and its 200-day moving average is C$6.15. The company has a market capitalization of C$309.74 million, a P/E ratio of -0.46, a P/E/G ratio of -0.01 and a beta of 1.79.

About Canopy Growth

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.