Aurora Cannabis (NASDAQ:ACB - Get Free Report) was upgraded by research analysts at Wall Street Zen from a "strong sell" rating to a "hold" rating in a note issued to investors on Saturday.
Separately, Weiss Ratings upgraded Aurora Cannabis from a "sell (d-)" rating to a "sell (d)" rating in a research report on Tuesday, June 16th. One equities research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Aurora Cannabis presently has a consensus rating of "Hold".
View Our Latest Report on Aurora Cannabis
Aurora Cannabis Trading Up 0.3%
Shares of Aurora Cannabis stock opened at $2.99 on Friday. Aurora Cannabis has a 12-month low of $2.56 and a 12-month high of $6.66. The company has a market cap of $185.20 million, a price-to-earnings ratio of -2.12 and a beta of 0.58. The company has a current ratio of 5.36, a quick ratio of 3.32 and a debt-to-equity ratio of 0.03. The company's 50-day moving average price is $2.90 and its 200-day moving average price is $3.35.
Aurora Cannabis (NASDAQ:ACB - Get Free Report) last released its quarterly earnings data on Thursday, June 11th. The company reported $0.07 EPS for the quarter, beating analysts' consensus estimates of ($0.07) by $0.14. The company had revenue of $60.98 million during the quarter, compared to analyst estimates of $54.42 million. Aurora Cannabis had a negative net margin of 32.26% and a positive return on equity of 4.37%. On average, equities analysts expect that Aurora Cannabis will post -0.3 earnings per share for the current fiscal year.
Hedge Funds Weigh In On Aurora Cannabis
A number of institutional investors have recently made changes to their positions in the stock. SBI Securities Co. Ltd. raised its position in shares of Aurora Cannabis by 49.5% during the 4th quarter. SBI Securities Co. Ltd. now owns 10,813 shares of the company's stock valued at $46,000 after buying an additional 3,582 shares in the last quarter. State of Wyoming bought a new stake in shares of Aurora Cannabis during the 2nd quarter worth $56,000. Headlands Technologies LLC purchased a new position in Aurora Cannabis in the fourth quarter worth $58,000. Northwestern Mutual Wealth Management Co. grew its position in Aurora Cannabis by 1,808.9% in the third quarter. Northwestern Mutual Wealth Management Co. now owns 10,518 shares of the company's stock worth $63,000 after acquiring an additional 9,967 shares in the last quarter. Finally, Engineers Gate Manager LP bought a new position in Aurora Cannabis in the second quarter valued at $68,000. Institutional investors own 47.63% of the company's stock.
Aurora Cannabis Company Profile
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Aurora Cannabis Inc NASDAQ: ACB is a Canadian licensed producer of medical and consumer cannabis products headquartered in Edmonton, Alberta. Established in 2013, the company operates under Health Canada's regulations to cultivate, process and distribute a range of cannabis-based offerings. Since its initial public listing in 2017, Aurora has grown into one of the country's largest growers by cultivation capacity and production output.
The company's core business spans the cultivation of dried flower, the extraction of cannabis oils and the development of value-added products such as softgels, capsules and topical treatments.
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