HEXO (TSE:HEXO) Reaches New 1-Year Low at $2.65

HEXO Corp. (TSE:HEXO) reached a new 52-week low during trading on Monday . The stock traded as low as C$2.65 and last traded at C$2.69, with a volume of 440801 shares traded. The stock had previously closed at C$2.73.

Several research analysts recently commented on HEXO shares. Canaccord Genuity reduced their price objective on shares of HEXO from C$9.00 to C$7.00 and set a “na” rating for the company in a research note on Tuesday, June 15th. Stifel Nicolaus cut their price target on shares of HEXO from C$10.00 to C$7.50 and set a “na” rating on the stock in a research note on Tuesday, June 15th. Jefferies Financial Group cut their price target on shares of HEXO from C$5.97 to C$2.54 and set an “underperform” rating on the stock in a research note on Friday, September 3rd. ATB Capital cut their price target on shares of HEXO from C$9.75 to C$6.00 and set a “na” rating on the stock in a research note on Tuesday, June 15th. Finally, CIBC cut their price target on shares of HEXO from C$10.00 to C$6.00 and set an “outperform” rating on the stock in a research note on Monday, August 23rd. One investment analyst has rated the stock with a sell rating, one has given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, HEXO has a consensus rating of “Buy” and a consensus target price of C$4.83.

The stock’s fifty day moving average is C$4.47 and its 200-day moving average is C$6.71. The stock has a market capitalization of C$724.64 million and a PE ratio of -1.44. The company has a debt-to-equity ratio of 11.23, a current ratio of 3.61 and a quick ratio of 1.58.

About HEXO (TSE:HEXO)

HEXO Corp., through its subsidiaries, produces, markets, and sells cannabis in Canada. It offers dried cannabis under the Time of Day and H2 lines; Elixir, a cannabis oil sublingual mist product line; and Decarb, an activated fine-milled cannabis powder product. The company offers its adult-use and medical products under the HEXO brand name.

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