Aurora Cannabis (NASDAQ:ACB) Upgraded at Atb Cap Markets

Atb Cap Markets upgraded shares of Aurora Cannabis (NASDAQ:ACB) from a hold rating to a strong-buy rating in a research report report published on Wednesday morning,Zacks.com reports.

Other equities research analysts also recently issued research reports about the stock. TD Securities raised shares of Aurora Cannabis to a “strong-buy” rating in a research report on Thursday, December 12th. TD Cowen started coverage on Aurora Cannabis in a report on Wednesday, December 11th. They set a “buy” rating for the company.

Aurora Cannabis Stock Performance

Shares of Aurora Cannabis stock opened at $6.03 on Wednesday. The stock’s fifty day simple moving average is $4.27 and its 200 day simple moving average is $5.16. The company has a current ratio of 3.83, a quick ratio of 1.88 and a debt-to-equity ratio of 0.07. The company has a market capitalization of $330.81 million, a PE ratio of -7.93 and a beta of 1.85. Aurora Cannabis has a 12 month low of $2.84 and a 12 month high of $9.35.

Aurora Cannabis (NASDAQ:ACB) last released its quarterly earnings results on Wednesday, February 5th. The company reported $0.06 EPS for the quarter, topping analysts’ consensus estimates of ($0.09) by $0.15. Aurora Cannabis had a negative return on equity of 2.19% and a negative net margin of 17.47%. On average, research analysts predict that Aurora Cannabis will post -0.1 EPS for the current year.

Institutional Investors Weigh In On Aurora Cannabis

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. SBI Securities Co. Ltd. bought a new stake in shares of Aurora Cannabis during the 4th quarter worth approximately $31,000. Cubist Systematic Strategies LLC acquired a new position in Aurora Cannabis during the second quarter worth $50,000. Wealthspire Advisors LLC bought a new stake in Aurora Cannabis during the fourth quarter worth $149,000. Finally, Tidal Investments LLC lifted its stake in Aurora Cannabis by 2.7% in the third quarter. Tidal Investments LLC now owns 1,344,321 shares of the company’s stock valued at $7,905,000 after acquiring an additional 34,988 shares during the last quarter. 47.63% of the stock is currently owned by institutional investors and hedge funds.

About Aurora Cannabis

Aurora Cannabis Inc, together with its subsidiaries, produces, distributes, and sells cannabis and cannabis-derivative products in Canada and internationally. It operates through three segments: Canadian Cannabis, European Cannabis, and Plant Propagation. The company produces, distributes, and sells medical and consumer cannabis products in Canada.