Aurora Cannabis (TSE:ACB) Trading 8.2% Higher

Aurora Cannabis Inc. (TSE:ACB) shot up 8.2% on Thursday . The stock traded as high as C$8.72 and last traded at C$8.70. 904,213 shares changed hands during mid-day trading, a decline of 26% from the average session volume of 1,221,178 shares. The stock had previously closed at C$8.04.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on ACB. Canaccord Genuity Group upgraded shares of Aurora Cannabis from a “hold” rating to a “buy” rating and set a C$0.80 price objective on the stock in a report on Friday, February 9th. CIBC cut their price objective on shares of Aurora Cannabis to C$6.00 and set a “neutral” rating on the stock in a report on Wednesday, February 21st. Finally, Jefferies Financial Group cut their price objective on shares of Aurora Cannabis from C$6.12 to C$4.95 and set a “hold” rating on the stock in a report on Tuesday, February 27th.

Aurora Cannabis Trading Down 1.6 %

The business’s 50-day moving average is C$5.39 and its two-hundred day moving average is C$2.28. The firm has a market cap of C$483.77 million, a P/E ratio of -0.11 and a beta of 2.83. The company has a debt-to-equity ratio of 18.51, a current ratio of 3.79 and a quick ratio of 2.48.

Aurora Cannabis (TSE:ACB) last announced its quarterly earnings data on Thursday, February 8th. The company reported C($0.20) EPS for the quarter, missing analysts’ consensus estimates of C($0.10) by C($0.10). The firm had revenue of C$72.61 million during the quarter, compared to the consensus estimate of C$63.50 million. Aurora Cannabis had a net margin of 151.71% and a negative return on equity of 137.28%. As a group, analysts predict that Aurora Cannabis Inc. will post -0.22 earnings per share for the current fiscal year.

Aurora Cannabis Company Profile

Aurora Cannabis Inc, together with its subsidiaries, produces, distributes, and sells cannabis and cannabis-derivative products in Canada and internationally. It operates through three segments: Canadian Cannabis, European Cannabis, and Plant Propagation. The company produces, distributes, and sells medical and consumer cannabis products in Canada.