Canopy Growth (TSE:WEED) Stock Price Down 6.4%

Shares of Canopy Growth Corp (TSE:WEED - Get Free Report) dropped 6.4% on Monday . The company traded as low as C$9.92 and last traded at C$10.02. Approximately 473,831 shares were traded during mid-day trading, a decline of 81% from the average daily volume of 2,536,590 shares. The stock had previously closed at C$10.70.

Analyst Ratings Changes

Several equities research analysts recently commented on WEED shares. Sanford C. Bernstein raised their target price on Canopy Growth from C$1.49 to C$6.70 in a research note on Tuesday, January 30th. Jefferies Financial Group decreased their price objective on Canopy Growth from C$7.28 to C$4.90 and set a "hold" rating for the company in a report on Tuesday, February 27th. Finally, Bank of America cut their price target on shares of Canopy Growth from C$7.00 to C$4.00 in a report on Wednesday, February 14th.

Canopy Growth Stock Down 10.4 %

The company's 50-day simple moving average is C$7.03 and its two-hundred day simple moving average is C$4.31. The firm has a market cap of C$873.74 million, a PE ratio of -0.46, a PEG ratio of -0.01 and a beta of 1.63. The company has a debt-to-equity ratio of 127.28, a quick ratio of 2.32 and a current ratio of 1.79.

About Canopy Growth

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.