Aurora Cannabis (NASDAQ:ACB - Get Free Report) released its quarterly earnings results on Wednesday, August 6th. The company reported ($0.19) earnings per share for the quarter, missing the consensus estimate of $0.18 by ($0.37), Zacks reports. Aurora Cannabis had a negative net margin of 5.66% and a negative return on equity of 1.49%. The business had revenue of $71.98 million during the quarter, compared to analysts' expectations of $96.83 million.
Aurora Cannabis Price Performance
Shares of Aurora Cannabis stock traded up $0.15 during trading on Wednesday, hitting $5.42. 1,024,863 shares of the stock traded hands, compared to its average volume of 1,899,330. The company has a quick ratio of 1.51, a current ratio of 2.97 and a debt-to-equity ratio of 0.06. The stock has a market cap of $305.70 million, a price-to-earnings ratio of -28.34 and a beta of 1.84. The firm's fifty day moving average is $4.78 and its 200-day moving average is $4.82. Aurora Cannabis has a 52 week low of $3.42 and a 52 week high of $7.20.
Hedge Funds Weigh In On Aurora Cannabis
An institutional investor recently raised its position in Aurora Cannabis stock. Jones Financial Companies Lllp increased its stake in shares of Aurora Cannabis Inc. (NASDAQ:ACB - Free Report) by 9,615.6% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 52,270 shares of the company's stock after acquiring an additional 51,732 shares during the quarter. Jones Financial Companies Lllp owned approximately 0.09% of Aurora Cannabis worth $229,000 as of its most recent filing with the Securities and Exchange Commission (SEC). Hedge funds and other institutional investors own 47.63% of the company's stock.
Analyst Ratings Changes
Separately, Wall Street Zen cut Aurora Cannabis from a "hold" rating to a "sell" rating in a report on Friday, July 18th.
Check Out Our Latest Stock Report on ACB
Aurora Cannabis Company Profile
(
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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.
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