Acreage Holdings Inc (OTCMKTS:ACRGF) shares dropped 0.7% during trading on Friday . The company traded as low as $6.00 and last traded at $6.06, approximately 232,323 shares changed hands during mid-day trading. An increase of 18% from the average daily volume of 196,930 shares. The stock had previously closed at $6.10.
ACRGF has been the subject of a number of analyst reports. Alliance Global Partners initiated coverage on Acreage in a research report on Thursday, September 19th. They issued a “buy” rating and a $15.00 price target for the company. MKM Partners initiated coverage on Acreage in a research report on Friday, September 20th. They issued a “buy” rating and a $17.00 price target for the company. LADENBURG THALM/SH SH initiated coverage on Acreage in a research report on Wednesday, July 17th. They issued a “buy” rating and a $18.00 price target for the company. Finally, Cowen began coverage on Acreage in a research report on Friday, September 13th. They issued a “market perform” rating for the company. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company. Acreage has an average rating of “Buy” and an average target price of $16.67.
The business has a 50 day moving average price of $8.03 and a two-hundred day moving average price of $15.14.
Acreage Holdings, Inc engages in owning and operating cannabis licenses and assets in the U.S. with respect to the number of states with cannabis related licenses. It focuses on the cultivation, processing, and distribution operations. The company was founded by Kevin P. Murphy on July 12, 1989 and is headquartered in New York, NY.
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