Canopy Growth (TSE:WEED) Stock Price Up 3.6% - Still a Buy?

Canopy Growth Corp (TSE:WEED - Get Free Report) shares shot up 3.6% on Tuesday . The company traded as high as C$1.76 and last traded at C$1.71. 1,606,705 shares changed hands during mid-day trading, a decline of 10% from the average session volume of 1,777,607 shares. The stock had previously closed at C$1.65.

Analyst Upgrades and Downgrades

Separately, ATB Capital decreased their price objective on shares of Canopy Growth from C$3.20 to C$1.60 and set an "underperform" rating for the company in a research note on Tuesday, June 3rd.

Canopy Growth Trading Up 3.6%

The firm has a market cap of C$275.08 million, a price-to-earnings ratio of -0.25, a PEG ratio of -0.01 and a beta of 1.79. The business has a fifty day moving average of C$1.97 and a two-hundred day moving average of C$2.45. The company has a debt-to-equity ratio of 120.38, a quick ratio of 2.32 and a current ratio of 1.39.

Canopy Growth Company Profile

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.

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