Virtu Financial LLC Invests $43,000 in Flora Growth Corp. (NASDAQ:FLGC)

Virtu Financial LLC acquired a new position in Flora Growth Corp. (NASDAQ:FLGC) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 41,507 shares of the company’s stock, valued at approximately $43,000. Virtu Financial LLC owned about 0.29% of Flora Growth at the end of the most recent quarter.

Separately, XTX Topco Ltd bought a new stake in shares of Flora Growth in the 3rd quarter worth about $28,000. Institutional investors own 36.01% of the company’s stock.

Flora Growth Trading Down 0.8 %

Shares of Flora Growth stock opened at $0.60 on Wednesday. Flora Growth Corp. has a 12-month low of $0.59 and a 12-month high of $2.75. The stock has a market capitalization of $11.66 million, a P/E ratio of -0.45 and a beta of 1.99. The company has a 50-day simple moving average of $0.76 and a 200 day simple moving average of $1.16. The company has a quick ratio of 0.64, a current ratio of 1.02 and a debt-to-equity ratio of 0.43.

Flora Growth (NASDAQ:FLGC) last posted its quarterly earnings data on Monday, March 24th. The company reported ($0.42) earnings per share for the quarter, missing the consensus estimate of ($0.11) by ($0.31). Flora Growth had a negative net margin of 30.99% and a negative return on equity of 268.17%. The company had revenue of $13.33 million during the quarter, compared to analyst estimates of $13.55 million. Research analysts expect that Flora Growth Corp. will post -0.93 earnings per share for the current fiscal year.

Flora Growth Profile

Flora Growth Corp., together with its subsidiaries, engages in the growth, cultivation, and development of medicinal cannabis and medicinal cannabis derivative products worldwide. It operates through three segments: House of Brands, Commercial and Wholesale, and Pharmaceuticals. The company cultivates, processes, and supplies medicinal-grade cannabis flower, and cannabis derived medical and wellness products.