CannTrust (NYSE:CTST) Shares Gap Down to $1.18

CannTrust Holdings Inc (NYSE:CTST)’s share price gapped down prior to trading on Wednesday . The stock had previously closed at $1.10, but opened at $1.18. CannTrust shares last traded at $1.17, with a volume of 79,677 shares traded.

Several brokerages recently weighed in on CTST. Eight Capital lowered CannTrust from a “buy” rating to a “neutral” rating in a research report on Monday, July 8th. BMO Capital Markets upgraded CannTrust from a “market perform” rating to an “outperform” rating in a research report on Thursday, May 30th. Canaccord Genuity set a $2.00 price objective on CannTrust and gave the stock a “hold” rating in a research report on Wednesday, September 18th. Zacks Investment Research lowered CannTrust from a “buy” rating to a “hold” rating in a research report on Friday, August 9th. Finally, Bloom Burton lowered CannTrust from a “buy” rating to a “hold” rating in a research report on Wednesday, July 10th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of C$4.13.

The firm has a 50-day moving average price of C$1.81 and a 200 day moving average price of C$4.83. The firm has a market capitalization of $185.34 million, a PE ratio of -10.27 and a beta of 3.55. The company has a quick ratio of 3.38, a current ratio of 5.64 and a debt-to-equity ratio of 0.01.



Institutional investors and hedge funds have recently added to or reduced their stakes in the company. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp acquired a new stake in shares of CannTrust in the first quarter valued at $1,509,000. Shell Asset Management Co. acquired a new stake in shares of CannTrust in the first quarter valued at $41,000. CIBC World Markets Inc. acquired a new stake in shares of CannTrust in the first quarter valued at $432,000. Aureus Asset Management LLC acquired a new stake in shares of CannTrust in the first quarter valued at $647,000. Finally, JW Asset Management LLC acquired a new stake in shares of CannTrust in the first quarter valued at $10,863,000. Institutional investors and hedge funds own 20.71% of the company’s stock.

CannTrust Company Profile (NYSE:CTST)

CannTrust Holdings Inc produces and sells medical and recreational cannabis in Canada. It sells dried cannabis and cannabis extracts to the medical patients. CannTrust Holdings Inc was incorporated in 2015 and is headquartered in Vaughan, Canada.

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