Aurora Cannabis (TSE:ACB) Stock Crosses Above Fifty Day Moving Average – Time to Sell?

Shares of Aurora Cannabis Inc. (TSE:ACB) crossed above its fifty day moving average during trading on Tuesday. The stock has a fifty day moving average of C$5.65 and traded as high as C$5.85. Aurora Cannabis shares last traded at C$5.81, with a volume of 215,864 shares.

Analyst Ratings Changes

Several analysts have recently commented on the company. ATB Cormark Capital Markets increased their price objective on Aurora Cannabis from C$5.60 to C$7.00 and gave the company a “tender” rating in a report on Tuesday, October 6th. Canaccord Genuity Group dropped their target price on Aurora Cannabis from C$6.50 to C$5.00 and set a “buy” rating on the stock in a research note on Tuesday, June 30th. Finally, BMO Capital Markets raised Aurora Cannabis to a “hold” rating in a research report on Wednesday, August 5th. Two equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of C$6.67.

Aurora Cannabis Stock Up 5.8%

The stock has a market capitalization of C$359.97 million, a PE ratio of -2.99 and a beta of 0.64. The company has a current ratio of 5.36, a quick ratio of 2.48 and a debt-to-equity ratio of 4.30. The company’s 50-day moving average is C$5.65 and its 200 day moving average is C$4.94.

Aurora Cannabis (TSE:ACB) last released its earnings results on Wednesday, August 5th. The company reported C($0.07) earnings per share for the quarter. Aurora Cannabis had a negative return on equity of 5.21% and a negative net margin of 9.53%. The company had revenue of C$67.55 million for the quarter. As a group, analysts anticipate that Aurora Cannabis Inc. will post -0.22 EPS for the current year.

Aurora Cannabis Company Profile

Aurora is Opening the World to Cannabis ¿, serving both the medical and consumer markets across Canada, Europe, Australia and New Zealand. Headquartered in Edmonton, Alberta, Aurora is a pioneer in global cannabis, dedicated to helping people improve their lives. The Company’s adult-use brand portfolio includes Drift , San Raf , Daily Special ¿, Tasty’s ¿, Being and Greybeard . Medical cannabis brands include MedReleaf , CanniMed , Aurora and Whistler Medical Marijuana Corporation , as well as international brands, Pedanios , IndiMed ¿ and CraftPlant ¿.