Aurora Cannabis (TSE:ACB) Reaches New 12-Month Low at $4.61

Aurora Cannabis Inc (TSE:ACB)’s stock price reached a new 52-week low during trading on Monday . The company traded as low as C$4.61 and last traded at C$4.67, with a volume of 1927146 shares trading hands. The stock had previously closed at C$4.81.

Several equities research analysts have recently issued reports on ACB shares. Desjardins lowered their price objective on shares of Aurora Cannabis from C$16.50 to C$14.00 and set a “buy” rating on the stock in a research note on Friday, September 13th. Jefferies Financial Group lowered their price objective on shares of Aurora Cannabis from C$14.00 to C$7.00 in a research note on Friday, October 11th. Stifel Nicolaus downgraded shares of Aurora Cannabis from a “hold” rating to a “sell” rating and lowered their price objective for the stock from C$7.00 to C$5.00 in a research note on Monday, September 16th. Finally, CIBC restated a “neutral” rating and issued a C$7.00 price objective on shares of Aurora Cannabis in a research note on Tuesday, September 24th. One analyst has rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of C$11.00.

The firm’s 50 day moving average price is C$6.29 and its 200-day moving average price is C$9.13. The firm has a market cap of $4.88 billion and a price-to-earnings ratio of -16.17. The company has a debt-to-equity ratio of 14.69, a current ratio of 1.52 and a quick ratio of 0.98.

About Aurora Cannabis (TSE:ACB)

Aurora Cannabis Inc produces and distributes medical cannabis products. It is vertically integrated and horizontally diversified across various segments of the cannabis value chain, from facility engineering and design to cannabis breeding, genetics research, production, derivatives, high value-add product development, home cultivation, wholesale, and retail distribution.

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