Aphria (NYSE:APHA) Shares Gap Up to $4.16

Aphria Inc (NYSE:APHA) shares gapped up prior to trading on Friday . The stock had previously closed at $3.81, but opened at $4.16. Aphria shares last traded at $4.31, with a volume of 7,038,896 shares trading hands.

A number of brokerages have weighed in on APHA. Cantor Fitzgerald initiated coverage on Aphria in a research note on Tuesday, November 5th. They set an “overweight” rating and a $10.40 price target on the stock. Jefferies Financial Group reaffirmed a “buy” rating and issued a $10.30 price objective on shares of Aphria in a research report on Monday, January 20th. ValuEngine lowered Aphria from a “buy” rating to a “hold” rating in a research note on Thursday, December 5th. Alliance Global Partners began coverage on Aphria in a research note on Tuesday, January 21st. They issued a “buy” rating and a $11.00 target price for the company. Finally, Zacks Investment Research downgraded Aphria from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 6th. Four analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $11.84.

The business’s fifty day moving average is $4.88 and its 200-day moving average is $5.37. The stock has a market capitalization of $1.09 billion, a PE ratio of -17.24 and a beta of 2.79.

A number of large investors have recently bought and sold shares of APHA. Creative Planning increased its holdings in shares of Aphria by 2.9% during the 3rd quarter. Creative Planning now owns 74,332 shares of the company’s stock worth $386,000 after buying an additional 2,073 shares during the last quarter. Virtu Financial LLC boosted its holdings in Aphria by 14.9% in the third quarter. Virtu Financial LLC now owns 18,365 shares of the company’s stock valued at $95,000 after acquiring an additional 2,380 shares during the last quarter. Cannell Peter B & Co. Inc. boosted its holdings in Aphria by 13.6% in the fourth quarter. Cannell Peter B & Co. Inc. now owns 25,550 shares of the company’s stock valued at $133,000 after acquiring an additional 3,050 shares during the last quarter. Wedbush Securities Inc. grew its position in Aphria by 23.1% during the fourth quarter. Wedbush Securities Inc. now owns 18,550 shares of the company’s stock valued at $97,000 after acquiring an additional 3,480 shares during the period. Finally, Sfmg LLC grew its position in Aphria by 15.0% during the third quarter. Sfmg LLC now owns 28,607 shares of the company’s stock valued at $148,000 after acquiring an additional 3,737 shares during the period. 9.71% of the stock is currently owned by institutional investors.

Aphria Company Profile (NYSE:APHA)

Aphria Inc produces and sells medical cannabis in Canada and internationally. The company offers sativa, indica, and hybrid medical marijuana products, as well as cannabis oils. It serves patients and health professionals. The company also sells its products online. Aphria Inc is headquartered in Leamington, Canada.

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