Aurora Cannabis (TSE:ACB) Stock Price Down 0.8% – Here’s What Happened

Aurora Cannabis Inc. (TSE:ACB) shares fell 0.8% during trading on Thursday . The stock traded as low as C$6.26 and last traded at C$6.34. 62,609 shares were traded during mid-day trading, a decline of 84% from the average session volume of 389,808 shares. The stock had previously closed at C$6.39.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on ACB shares. TD Securities upgraded shares of Aurora Cannabis to a “strong-buy” rating in a research note on Thursday, December 12th. ATB Capital lowered their target price on Aurora Cannabis from C$11.00 to C$8.50 in a research report on Tuesday, December 17th. Three equities research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of C$5.85.

Aurora Cannabis Trading Down 0.8 %

The company has a 50-day moving average of C$6.42 and a 200 day moving average of C$7.38. The company has a debt-to-equity ratio of 16.95, a current ratio of 3.76 and a quick ratio of 2.48. The company has a market cap of C$346.54 million, a PE ratio of -10.06 and a beta of 2.71.

Aurora Cannabis Company Profile

Aurora Cannabis Inc, together with its subsidiaries, engages in the production, distribution, and sale of cannabis and cannabis-derivative products in Canada and internationally. It operates through two segments, Canadian Cannabis and Plant Propagation. The company offers medical and consumer cannabis products; supplies propagated vegetables and ornamental plants; and distributes and sells hemp-derived cannabidiol (CBD) products.