Organigram (TSE:OGI) Hits New 12-Month Low – Here’s What Happened

Organigram Holdings Inc. (TSE:OGI) shares hit a new 52-week low on Thursday . The company traded as low as C$1.65 and last traded at C$1.66, with a volume of 112769 shares trading hands. The stock had previously closed at C$1.66.

Analyst Ratings Changes

A number of equities research analysts have weighed in on OGI shares. Canaccord Genuity Group dropped their price target on shares of Organigram from C$3.60 to C$3.15 and set a “speculative buy” rating for the company in a research report on Monday, December 9th. ATB Capital dropped their price target on shares of Organigram from C$5.25 to C$3.50 in a research report on Tuesday, December 17th.

Organigram Stock Up 2.5 %

The company has a quick ratio of 2.62, a current ratio of 3.36 and a debt-to-equity ratio of 3.07. The stock has a market cap of C$206.32 million, a price-to-earnings ratio of -3.53, a PEG ratio of 0.42 and a beta of 1.13. The business’s fifty day moving average is C$2.14 and its two-hundred day moving average is C$2.28.

About Organigram

Organigram Inc is a Canadian licensed producer of cannabis products. Organigram focuses on producing exceptional, indoor-grown cannabis for patients and adult recreational consumers, as well as developing global business partnerships.