Organigram (TSE:OGI) Shares Down 4.5% – Here’s What Happened

Organigram Holdings Inc. (TSE:OGI)’s share price fell 4.5% during trading on Monday . The company traded as low as C$2.10 and last traded at C$2.10. 270,900 shares were traded during trading, an increase of 37% from the average session volume of 197,452 shares. The stock had previously closed at C$2.20.

Analyst Ratings Changes

A number of brokerages recently commented on OGI. ATB Capital dropped their price target on Organigram from C$5.25 to C$3.50 in a report on Tuesday, December 17th. Canaccord Genuity Group reduced their price target on Organigram from C$3.60 to C$3.15 and set a “speculative buy” rating for the company in a research report on Monday, December 9th.

Organigram Stock Performance

The company has a market cap of C$228.00 million, a PE ratio of -0.84, a P/E/G ratio of 0.42 and a beta of 1.13. The company has a current ratio of 6.95, a quick ratio of 2.62 and a debt-to-equity ratio of 1.13. The business has a fifty day moving average of C$2.22 and a 200-day moving average of C$2.32.

Organigram Company Profile

Organigram Inc is a Canadian licensed producer of cannabis products. Organigram focuses on producing exceptional, indoor-grown cannabis for patients and adult recreational consumers, as well as developing global business partnerships.