Canopy Growth (CGC) Projected to Post Earnings on Friday

Canopy Growth (NASDAQ:CGC) is expected to be posting its quarterly earnings results before the market opens on Friday, February 7th. Analysts expect Canopy Growth to post earnings of ($0.38) per share and revenue of $69.45 million for the quarter. Parties that are interested in registering for the company’s conference call can do so using this link.

Canopy Growth Stock Performance

Shares of Canopy Growth stock opened at $2.10 on Friday. The firm has a market capitalization of $247.61 million, a P/E ratio of -0.43 and a beta of 0.87. The company has a current ratio of 1.39, a quick ratio of 1.07 and a debt-to-equity ratio of 0.82. The business’s fifty day simple moving average is $2.91 and its 200 day simple moving average is $4.51. Canopy Growth has a 12 month low of $1.99 and a 12 month high of $14.92.

Analyst Ratings Changes

Separately, Atb Cap Markets downgraded shares of Canopy Growth from a “hold” rating to a “strong sell” rating in a report on Monday, December 16th.

Canopy Growth Company Profile

Canopy Growth Corporation, together with its subsidiaries, engages in the production, distribution, and sale of cannabis and hemp-based products for recreational and medical purposes primarily in the United States, Canada, Germany, and internationally. It operates through Canada Cannabis, International Markets Cannabis, and Storz & Bickel segments.