Organigram (NASDAQ:OGI) Announces Earnings Results

Organigram (NASDAQ:OGI) announced its quarterly earnings data on Tuesday. The company reported ($0.05) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.02), Zacks reports. Organigram had a negative return on equity of 11.68% and a negative net margin of 28.58%.

Organigram Trading Down 6.2 %

Shares of NASDAQ:OGI opened at $1.35 on Thursday. The company’s fifty day moving average is $1.57 and its 200 day moving average is $1.67. Organigram has a 52 week low of $1.29 and a 52 week high of $2.91.

Organigram Company Profile

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.