Organigram (TSE:OGI) Reaches New 52-Week Low – Here’s What Happened

Shares of Organigram Holdings Inc. (TSE:OGI) hit a new 52-week low on Wednesday . The stock traded as low as C$1.86 and last traded at C$1.92, with a volume of 754290 shares traded. The stock had previously closed at C$2.06.

Analyst Ratings Changes

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

Organigram Price Performance

The company has a market capitalization of C$206.28 million, a PE ratio of -0.76, a price-to-earnings-growth ratio of 0.42 and a beta of 1.13. The company has a debt-to-equity ratio of 1.13, a current ratio of 6.95 and a quick ratio of 2.62. The stock’s 50 day simple moving average is C$2.24 and its 200-day simple moving average is C$2.32.

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.