Aurora Cannabis (NASDAQ:ACB) Stock Price Down 5.2% – What’s Next?

Shares of Aurora Cannabis Inc. (NASDAQ:ACB) fell 5.2% on Thursday . The stock traded as low as $4.33 and last traded at $4.42. 632,491 shares changed hands during mid-day trading, a decline of 28% from the average session volume of 875,832 shares. The stock had previously closed at $4.66.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. TD Securities upgraded Aurora Cannabis to a “strong-buy” rating in a report on Thursday, December 12th. TD Cowen started coverage on Aurora Cannabis in a report on Wednesday, December 11th. They issued a “buy” rating for the company.

Aurora Cannabis Stock Down 6.6 %

The company has a current ratio of 3.83, a quick ratio of 1.88 and a debt-to-equity ratio of 0.07. The business’s fifty day moving average price is $4.52 and its 200 day moving average price is $5.34. The company has a market capitalization of $226.50 million, a P/E ratio of -5.43 and a beta of 1.86.

Institutional Investors Weigh In On Aurora Cannabis

A number of hedge funds have recently made changes to their positions in the company. Tidal Investments LLC boosted its stake in Aurora Cannabis by 2.7% in the third quarter. Tidal Investments LLC now owns 1,344,321 shares of the company’s stock worth $7,905,000 after purchasing an additional 34,988 shares in the last quarter. Headlands Technologies LLC lifted its position in shares of Aurora Cannabis by 98.8% during the second quarter. Headlands Technologies LLC now owns 74,988 shares of the company’s stock worth $346,000 after purchasing an additional 37,269 shares in the last quarter. TD Asset Management Inc acquired a new position in shares of Aurora Cannabis during the second quarter worth approximately $255,000. Mackenzie Financial Corp bought a new stake in shares of Aurora Cannabis during the second quarter valued at approximately $113,000. Finally, Toronto Dominion Bank increased its holdings in shares of Aurora Cannabis by 34,356.4% in the second quarter. Toronto Dominion Bank now owns 18,951 shares of the company’s stock valued at $88,000 after purchasing an additional 18,896 shares in the last quarter. Institutional investors and hedge funds own 47.63% of the company’s stock.

About Aurora Cannabis

Aurora Cannabis Inc, together with its subsidiaries, produces, distributes, and sells cannabis and cannabis-derivative products in Canada and internationally. It operates through three segments: Canadian Cannabis, European Cannabis, and Plant Propagation. The company produces, distributes, and sells medical and consumer cannabis products in Canada.