Organigram Holdings Inc. (NASDAQ:OGI – Get Free Report)’s stock price was up 1.5% during trading on Friday . The stock traded as high as $2.10 and last traded at $2.02. Approximately 717,638 shares traded hands during trading, a decline of 28% from the average daily volume of 1,000,181 shares. The stock had previously closed at $1.99.
Organigram Stock Performance
The firm’s 50 day moving average is $1.83 and its 200 day moving average is $1.50.
Organigram (NASDAQ:OGI – Get Free Report) last announced its earnings results on Tuesday, February 13th. The company reported ($0.14) EPS for the quarter, missing analysts’ consensus estimates of ($0.10) by ($0.04). The business had revenue of $26.78 million for the quarter, compared to analysts’ expectations of $28.61 million. Organigram had a negative net margin of 173.48% and a negative return on equity of 30.94%. On average, analysts expect that Organigram Holdings Inc. will post -0.26 EPS for the current fiscal year.
Institutional Investors Weigh In On Organigram
About Organigram
Organigram Holdings Inc, through its subsidiaries, engages in the production and sale of cannabis and cannabis-derived products in Canada. It offers medical cannabis products, including whole flower, milled flower, pre-rolls, infused pre-rolls, vapes, gummies, and concentrates for medical retailers; adult use recreational cannabis under the SHRED, Holy Mountain, Big Bag O' Buds, Monjour, Trailblazer, SHRED'ems, Edison Cannabis Co, Edison JOLTS, Tremblant, and Laurentian brands.
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