Aurora Cannabis (NASDAQ:ACB) Stock Rating Lowered by Wall Street Zen

Aurora Cannabis (NASDAQ:ACB - Get Free Report) was downgraded by equities research analysts at Wall Street Zen from a "hold" rating to a "sell" rating in a research report issued to clients and investors on Friday.

Aurora Cannabis Trading Down 2.6%

NASDAQ ACB traded down $0.11 on Friday, reaching $4.15. The company had a trading volume of 1,287,822 shares, compared to its average volume of 1,571,646. The firm has a market cap of $233.27 million, a price-to-earnings ratio of 37.73 and a beta of 1.82. Aurora Cannabis has a fifty-two week low of $3.42 and a fifty-two week high of $7.20. The business has a 50 day moving average of $5.03 and a two-hundred day moving average of $4.73. The company has a debt-to-equity ratio of 0.13, a current ratio of 4.31 and a quick ratio of 2.16.

Aurora Cannabis (NASDAQ:ACB - Get Free Report) last posted its quarterly earnings data on Wednesday, June 18th. The company reported $0.07 earnings per share for the quarter, missing analysts' consensus estimates of $0.11 by ($0.04). The company had revenue of $63.34 million during the quarter, compared to analyst estimates of $88.85 million. Aurora Cannabis had a net margin of 1.32% and a return on equity of 0.13%. Analysts forecast that Aurora Cannabis will post 0.46 EPS for the current year.

Institutional Trading of Aurora Cannabis

Institutional investors and hedge funds have recently bought and sold shares of the stock. Cubist Systematic Strategies LLC grew its holdings in Aurora Cannabis by 358.6% during the 1st quarter. Cubist Systematic Strategies LLC now owns 238,460 shares of the company's stock worth $1,047,000 after acquiring an additional 186,462 shares during the period. Northwest & Ethical Investments L.P. acquired a new stake in Aurora Cannabis during the 1st quarter worth about $452,000. Connective Capital Management LLC acquired a new stake in Aurora Cannabis during the 4th quarter worth about $330,000. Renaissance Technologies LLC grew its holdings in Aurora Cannabis by 8.6% during the 4th quarter. Renaissance Technologies LLC now owns 714,655 shares of the company's stock worth $3,037,000 after acquiring an additional 56,400 shares during the period. Finally, Jones Financial Companies Lllp grew its holdings in Aurora Cannabis by 9,615.6% during the 1st quarter. Jones Financial Companies Lllp now owns 52,270 shares of the company's stock worth $229,000 after acquiring an additional 51,732 shares during the period. 47.63% of the stock is currently owned by institutional investors and hedge funds.

About Aurora Cannabis

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.