Aurora Cannabis (TSE:ACB) Hits New 12-Month Low – Here’s What Happened

Aurora Cannabis Inc. (TSE:ACB) hit a new 52-week low during trading on Tuesday . The stock traded as low as C$3.75 and last traded at C$3.84, with a volume of 284792 shares. The stock had previously closed at C$3.87.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the company. TD cut their price objective on Aurora Cannabis from C$10.00 to C$8.00 and set a “buy” rating on the stock in a report on Friday, June 12th. Canaccord Genuity Group reduced their price objective on shares of Aurora Cannabis from C$6.50 to C$5.00 and set a “buy” rating on the stock in a research note on Tuesday, June 30th. Three equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Aurora Cannabis has a consensus rating of “Buy” and a consensus target price of C$7.17.

Aurora Cannabis Trading Down 2.1%

The firm has a market cap of C$234.76 million, a P/E ratio of -1.77 and a beta of 0.27. The stock has a fifty day simple moving average of C$4.50 and a 200 day simple moving average of C$5.01. The company has a debt-to-equity ratio of 4.66, a quick ratio of 2.48 and a current ratio of 5.94.

Aurora Cannabis (TSE:ACB) last issued its quarterly earnings data on Thursday, June 11th. The company reported C($0.99) EPS for the quarter. The business had revenue of C$38.01 million during the quarter. Aurora Cannabis had a negative return on equity of 7.25% and a negative net margin of 12.13%. On average, research analysts expect that Aurora Cannabis Inc. will post -0.22 earnings per share for the current fiscal year.

Aurora Cannabis Company Profile

Aurora Cannabis, headquartered in Edmonton, Canada, cultivates and sells medicinal and recreational cannabis through a portfolio of brands that includes Aurora, CanniMed, Daily Special, MedReleaf, and San Rafael ’71. Although the company primarily operates in Canada, it has expanded internationally through medical cannabis exporting agreements or cultivation facilities in more than 20 countries.