Canopy Growth (TSE:WEED) Trading Up 10.2% - Still a Buy?

Canopy Growth Corp (TSE:WEED - Get Free Report)'s stock price shot up 10.2% during trading on Friday . The company traded as high as C$2.08 and last traded at C$2.05. 1,462,766 shares changed hands during mid-day trading, a decline of 15% from the average session volume of 1,728,080 shares. The stock had previously closed at C$1.86.

Analyst Upgrades and Downgrades

WEED has been the subject of a number of recent analyst reports. ATB Capital cut their price objective on Canopy Growth from C$3.20 to C$1.60 and set an "underperform" rating for the company in a research report on Tuesday. Canaccord Genuity Group dropped their price target on shares of Canopy Growth from C$2.50 to C$1.50 and set a "sell" rating for the company in a research report on Monday, February 10th.

Canopy Growth Price Performance

The company has a debt-to-equity ratio of 120.38, a current ratio of 1.39 and a quick ratio of 2.32. The stock has a 50 day moving average price of C$1.83 and a two-hundred day moving average price of C$2.76. The firm has a market capitalization of C$371.60 million, a price-to-earnings ratio of -0.34, a PEG ratio of -0.01 and a beta of 1.79.

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.