Organigram Global Inc. (NASDAQ:OGI - Get Free Report) rose 2.9% during trading on Friday . The company traded as high as $1.44 and last traded at $1.42. Approximately 546,098 shares changed hands during trading, a decline of 17% from the average daily volume of 657,847 shares. The stock had previously closed at $1.38.
Organigram Global Trading Up 2.9%
The company has a market cap of $190.19 million, a P/E ratio of 14.20 and a beta of 1.36. The business's 50 day simple moving average is $1.31 and its 200 day simple moving average is $1.30.
Institutional Investors Weigh In On Organigram Global
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Two Sigma Securities LLC purchased a new stake in Organigram Global during the 4th quarter valued at approximately $26,000. Wealth Enhancement Advisory Services LLC purchased a new stake in Organigram Global during the 1st quarter valued at approximately $30,000. Oxford Asset Management LLP purchased a new stake in Organigram Global during the 4th quarter valued at approximately $50,000. Cubist Systematic Strategies LLC grew its holdings in Organigram Global by 210.7% during the 4th quarter. Cubist Systematic Strategies LLC now owns 45,095 shares of the company's stock valued at $73,000 after buying an additional 30,583 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in Organigram Global by 13.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 359,739 shares of the company's stock valued at $579,000 after buying an additional 43,721 shares in the last quarter. Institutional investors own 34.63% of the company's stock.
Organigram Global Company Profile
(
Get Free Report)
Organigram Holdings Inc, through its subsidiaries, engages in the production and sale of cannabis and cannabis-derived products in Canada. It offers medical cannabis products, including whole flower, milled flower, pre-rolls, infused pre-rolls, vapes, gummies, and concentrates for medical retailers; adult use recreational cannabis under the SHRED, Holy Mountain, Big Bag O' Buds, Monjour, Trailblazer, SHRED'ems, Edison Cannabis Co, Edison JOLTS, Tremblant, and Laurentian brands.
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