Aurora Cannabis (TSE:ACB) Trading Down 0.5% – Here’s What Happened

Aurora Cannabis Inc. (TSE:ACB)’s stock price fell 0.5% during trading on Thursday . The company traded as low as C$7.54 and last traded at C$7.60. 198,873 shares were traded during trading, a decline of 82% from the average session volume of 1,097,400 shares. The stock had previously closed at C$7.64.

Wall Street Analyst Weigh In

Separately, ATB Capital cut their price objective on Aurora Cannabis from C$12.50 to C$11.00 and set a “sector perform” rating on the stock in a research report on Friday, June 21st.

Aurora Cannabis Stock Up 2.0 %

The stock has a market cap of C$423.62 million, a PE ratio of -12.30 and a beta of 2.71. The firm has a fifty day moving average of C$7.99 and a 200 day moving average of C$8.29. The company has a quick ratio of 2.48, a current ratio of 3.76 and a debt-to-equity ratio of 16.95.

Aurora Cannabis (TSE:ACB) last posted its earnings results on Wednesday, August 7th. The company reported C($0.16) EPS for the quarter, beating the consensus estimate of C($0.48) by C$0.32. The firm had revenue of C$92.04 million for the quarter, compared to analyst estimates of C$76.70 million. Aurora Cannabis had a negative return on equity of 6.13% and a negative net margin of 11.53%. On average, equities research analysts anticipate that Aurora Cannabis Inc. will post -0.22 EPS for the current fiscal year.

Insider Buying and Selling at Aurora Cannabis

In other Aurora Cannabis news, Senior Officer Andre Jerome sold 7,712 shares of the company’s stock in a transaction on Monday, September 23rd. The shares were sold at an average price of C$7.70, for a total value of C$59,382.40.

About Aurora Cannabis

Aurora Cannabis Inc, together with its subsidiaries, engages in the production, distribution, and sale of cannabis and cannabis-derivative products in Canada and internationally. It operates through two segments, Canadian Cannabis and Plant Propagation. The company offers medical and consumer cannabis products; supplies propagated vegetables and ornamental plants; and distributes and sells hemp-derived cannabidiol (CBD) products.