Canopy Growth (TSE:WEED) Director Sells C$19,246.80 in Stock

Canopy Growth Corp (TSE:WEED) Director Terry Yanofsky sold 14,920 shares of the firm’s stock in a transaction on Monday, September 28th. The stock was sold at an average price of C$1.29, for a total value of C$19,246.80. Following the completion of the transaction, the director directly owned 77,333 shares of the company’s stock, valued at approximately C$99,759.57. This trade represents a 16.17% decrease in their ownership of the stock.

Canopy Growth Stock Up 0.8%

WEED opened at C$1.26 on Friday. The company has a market capitalization of C$533.03 million, a P/E ratio of -1.88, a P/E/G ratio of -0.01 and a beta of 1.63. The company has a debt-to-equity ratio of 40.27, a current ratio of 3.04 and a quick ratio of 2.32. The firm’s fifty day moving average price is C$1.34 and its two-hundred day moving average price is C$1.40. Canopy Growth Corp has a fifty-two week low of C$1.18 and a fifty-two week high of C$3.28.

Canopy Growth (TSE:WEED) last announced its quarterly earnings data on Friday, August 7th. The company reported C($0.03) earnings per share (EPS) for the quarter. The business had revenue of C$81.17 million during the quarter. Canopy Growth had a negative net margin of 73.95% and a negative return on equity of 29.85%. On average, analysts anticipate that Canopy Growth Corp will post -0.69 EPS for the current year.

Analyst Upgrades and Downgrades

Separately, Alliance Global Partners decreased their price objective on Canopy Growth from C$1.80 to C$1.60 in a report on Tuesday, June 16th. Two research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of C$1.88.

Canopy Growth Company Profile

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. It also offers its products through Tweed Main Street, a single online platform that enables registered patients to purchase medicinal cannabis from various producers across various brands.