Aurora Cannabis (NASDAQ:ACB) Trading Up 2% - What's Next?

Aurora Cannabis Inc. (NASDAQ:ACB - Get Free Report)'s share price traded up 2% during mid-day trading on Monday . The stock traded as high as $4.64 and last traded at $4.58. 712,675 shares were traded during mid-day trading, a decline of 54% from the average session volume of 1,562,231 shares. The stock had previously closed at $4.49.

Analyst Ratings Changes

Separately, Wall Street Zen cut shares of Aurora Cannabis from a "hold" rating to a "sell" rating in a report on Friday, June 27th.

Aurora Cannabis Stock Up 0.1%

The company has a debt-to-equity ratio of 0.13, a current ratio of 4.31 and a quick ratio of 2.16. The stock has a market capitalization of $256.04 million, a P/E ratio of 41.41 and a beta of 1.75. The stock's fifty day moving average is $5.00 and its two-hundred day moving average is $4.75.

Aurora Cannabis (NASDAQ:ACB - Get Free Report) last issued its quarterly earnings results on Wednesday, June 18th. The company reported $0.07 EPS for the quarter, missing the consensus estimate of $0.11 by ($0.04). The firm had revenue of $63.34 million during the quarter, compared to analysts' expectations of $88.85 million. Aurora Cannabis had a net margin of 1.32% and a return on equity of 0.13%. As a group, research analysts predict that Aurora Cannabis Inc. will post 0.46 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Aurora Cannabis

Hedge funds have recently made changes to their positions in the company. DKM Wealth Management Inc. purchased a new stake in shares of Aurora Cannabis in the 2nd quarter valued at approximately $42,000. Susquehanna Fundamental Investments LLC purchased a new stake in Aurora Cannabis in the 4th quarter worth approximately $45,000. JW Asset Management LLC purchased a new stake in Aurora Cannabis in the 1st quarter worth approximately $58,000. Cobblestone Asset Management LLC purchased a new stake in Aurora Cannabis in the 1st quarter worth approximately $67,000. Finally, Millennium Management LLC purchased a new stake in Aurora Cannabis in the 4th quarter worth approximately $67,000. Hedge funds and other institutional investors own 47.63% of the company's stock.

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.