18,070 Shares in Flora Growth Corp. (NASDAQ:FLGC) Bought by XTX Topco Ltd

XTX Topco Ltd bought a new stake in Flora Growth Corp. (NASDAQ:FLGC) during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 18,070 shares of the company’s stock, valued at approximately $28,000. XTX Topco Ltd owned 0.14% of Flora Growth as of its most recent filing with the Securities & Exchange Commission.

Separately, Renaissance Technologies LLC lifted its stake in shares of Flora Growth by 105.6% in the 2nd quarter. Renaissance Technologies LLC now owns 159,595 shares of the company’s stock worth $163,000 after purchasing an additional 81,982 shares during the period. Hedge funds and other institutional investors own 36.01% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Aegis started coverage on shares of Flora Growth in a report on Monday, November 25th. They set a “buy” rating and a $4.00 target price for the company.

Flora Growth Trading Up 4.0 %

NASDAQ:FLGC opened at $1.05 on Monday. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.02 and a quick ratio of 0.64. The stock has a 50-day simple moving average of $1.49 and a two-hundred day simple moving average of $1.25. Flora Growth Corp. has a 52-week low of $0.75 and a 52-week high of $2.93.

About Flora Growth

Flora Growth Corp., together with its subsidiaries, engages in the growth, cultivation, and development of medicinal cannabis and medicinal cannabis derivative products worldwide. It operates through three segments: House of Brands, Commercial and Wholesale, and Pharmaceuticals. The company cultivates, processes, and supplies medicinal-grade cannabis flower, and cannabis derived medical and wellness products.