Canopy Growth (TSE:WEED) Reaches New 12-Month Low – Should You Sell?

Canopy Growth Corp (TSE:WEED)’s stock price reached a new 52-week low on Wednesday . The company traded as low as C$1.48 and last traded at C$1.49, with a volume of 702851 shares. The stock had previously closed at C$1.58.

Analyst Ratings Changes

Several equities research analysts have commented on the stock. ATB Capital lowered their price target on shares of Canopy Growth from C$4.00 to C$3.20 and set an “underperform” rating on the stock in a report on Monday, February 10th. Canaccord Genuity Group dropped their target price on Canopy Growth from C$2.50 to C$1.50 and set a “sell” rating on the stock in a report on Monday, February 10th. Four research analysts have rated the stock with a sell rating and one has assigned a hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Reduce” and an average price target of C$5.64.

Canopy Growth Price Performance

The firm has a market capitalization of C$239.69 million, a PE ratio of -0.22, a PEG ratio of -0.01 and a beta of 1.79. The company has a quick ratio of 2.32, a current ratio of 1.39 and a debt-to-equity ratio of 120.38. The stock has a 50-day moving average price of C$2.42 and a 200 day moving average price of C$4.44.

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.