Insider Selling: Organigram Holdings Inc. (TSE:OGI) Senior Officer Sells C$35,140.90 in Stock

Organigram Holdings Inc. (TSE:OGI) Senior Officer Paolo De Luca sold 13,835 shares of the business’s stock in a transaction that occurred on Wednesday, September 11th. The shares were sold at an average price of C$2.54, for a total value of C$35,140.90. Following the completion of the sale, the insider now owns 625 shares of the company’s stock, valued at approximately C$1,587.50.

Paolo De Luca also recently made the following trade(s):

• On Friday, August 16th, Paolo De Luca sold 10,266 shares of Organigram stock. The stock was sold at an average price of C$2.76, for a total transaction of C$28,334.16.

Organigram Trading Up 1.2 %

OGI opened at C$2.52 on Monday. Organigram Holdings Inc. has a one year low of C$1.35 and a one year high of C$3.95. The company has a debt-to-equity ratio of 1.13, a current ratio of 6.95 and a quick ratio of 2.62. The business has a 50 day simple moving average of C$2.37 and a two-hundred day simple moving average of C$2.51. The firm has a market capitalization of C$273.60 million, a price-to-earnings ratio of -1.00, a PEG ratio of 0.42 and a beta of 1.13.

Organigram (TSE:OGI) last posted its earnings results on Tuesday, August 13th. The company reported C$0.03 earnings per share (EPS) for the quarter, beating the consensus estimate of C($0.07) by C$0.10. Organigram had a negative return on equity of 54.53% and a negative net margin of 153.80%. The firm had revenue of C$41.06 million for the quarter, compared to analysts’ expectations of C$39.20 million. Analysts predict that Organigram Holdings Inc. will post 0.1735254 EPS for the current year.

Analyst Ratings Changes

Separately, Canaccord Genuity Group increased their price target on shares of Organigram from C$3.25 to C$3.60 and gave the company a “speculative buy” rating in a research report on Wednesday, August 14th.

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.