Aphria (APHA) Shares Gap Down to $6.76

Aphria Inc (NYSE:APHA) gapped down before the market opened on Tuesday . The stock had previously closed at $6.50, but opened at $6.76. Aphria shares last traded at $6.97, with a volume of 139177 shares trading hands.

A number of equities research analysts have weighed in on APHA shares. Cormark set a $15.00 price objective on Aphria and gave the company a “buy” rating in a research note on Saturday, February 2nd. CIBC started coverage on Aphria in a research note on Friday, January 18th. They set a “neutral” rating for the company. Clarus Securities started coverage on Aphria in a research note on Tuesday, April 16th. They set a “buy” rating and a $22.75 price objective for the company. Seaport Global Securities started coverage on Aphria in a research note on Thursday, February 21st. They set a “buy” rating and a $18.00 price objective for the company. Finally, Zacks Investment Research upgraded Aphria from a “strong sell” rating to a “hold” rating in a research note on Friday, May 10th. Four analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Aphria has an average rating of “Buy” and an average target price of $15.69.

The firm has a market capitalization of $1.69 billion, a P/E ratio of 50.21 and a beta of 3.66.

Aphria (NYSE:APHA) last released its earnings results on Monday, April 15th. The company reported ($0.15) EPS for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.11). The business had revenue of $55.24 million during the quarter, compared to the consensus estimate of $41.11 million.

A number of large investors have recently added to or reduced their stakes in APHA. Intercontinental Wealth Advisors LLC bought a new position in Aphria during the 4th quarter worth approximately $28,000. Winslow Evans & Crocker Inc. bought a new stake in shares of Aphria in the 4th quarter worth approximately $28,000. Fifth Third Bancorp lifted its holdings in shares of Aphria by 675.0% in the 1st quarter. Fifth Third Bancorp now owns 3,100 shares of the company’s stock worth $29,000 after purchasing an additional 2,700 shares during the last quarter. Liberty Wealth Management LLC bought a new stake in shares of Aphria in the 4th quarter worth approximately $35,000. Finally, 1832 Asset Management L.P. bought a new stake in shares of Aphria in the 4th quarter worth approximately $50,000. 9.73% of the stock is currently owned by institutional investors.

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Aphria Company Profile (NYSE:APHA)

Aphria Inc produces and sells medical cannabis in Canada and internationally. The company offers sativa, indica, and hybrid medical marijuana products, as well as cannabis oils. It serves patients and health professionals. The company also sells its products online. Aphria Inc is headquartered in Leamington, Canada.

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