Canopy Growth (TSE:WEED) Stock Rating Lowered by ATB Capital

Canopy Growth (TSE:WEED) was downgraded by stock analysts at ATB Capital from a “sector perform” rating to an “underperform” rating in a report released on Tuesday,BayStreet.CA reports. They currently have a C$4.00 target price on the stock, down from their previous target price of C$6.00. ATB Capital’s target price points to a potential downside of 1.72% from the company’s previous close.

Canopy Growth Stock Down 7.1 %

Shares of WEED opened at C$4.07 on Tuesday. The company has a debt-to-equity ratio of 117.00, a quick ratio of 2.32 and a current ratio of 2.15. Canopy Growth has a 52 week low of C$3.74 and a 52 week high of C$20.50. The stock has a market capitalization of C$345.38 million, a price-to-earnings ratio of -0.51, a PEG ratio of -0.01 and a beta of 1.79. The stock has a fifty day moving average of C$5.71 and a 200-day moving average of C$7.59.

About Canopy Growth

Canopy Growth Corporation, together with its subsidiaries, engages in growing, possession, and sale of medical cannabis in Canada. Its products include dried flowers, oils and concentrates, softgel capsules, and hemps. The company offers its products under the Tweed, Black Label, Spectrum Cannabis, DNA Genetics, Leafs By Snoop, CraftGrow, and Foria brand names.