Aurora Cannabis (TSE:ACB) Shares Down 0.8% – Time to Sell?

Aurora Cannabis Inc. (TSE:ACB) shares dropped 0.8% during mid-day trading on Thursday . The stock traded as low as C$6.26 and last traded at C$6.34. Approximately 62,609 shares traded hands during trading, a decline of 84% from the average daily volume of 389,808 shares. The stock had previously closed at C$6.39.

Analyst Ratings Changes

ACB has been the subject of several recent analyst reports. TD Securities raised shares of Aurora Cannabis to a “strong-buy” rating in a research note on Thursday, December 12th. ATB Capital cut their price target on shares of Aurora Cannabis from C$11.00 to C$8.50 in a research note on Tuesday, December 17th. Three equities research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of C$5.85.

Aurora Cannabis Price Performance

The company has a market cap of C$325.23 million, a P/E ratio of -9.44 and a beta of 2.71. The company’s 50-day moving average price is C$6.40 and its two-hundred day moving average price is C$7.37. The company has a current ratio of 3.76, a quick ratio of 2.48 and a debt-to-equity ratio of 16.95.

Aurora Cannabis Company Profile

Aurora Cannabis Inc, together with its subsidiaries, engages in the production, distribution, and sale of cannabis and cannabis-derivative products in Canada and internationally. It operates through two segments, Canadian Cannabis and Plant Propagation. The company offers medical and consumer cannabis products; supplies propagated vegetables and ornamental plants; and distributes and sells hemp-derived cannabidiol (CBD) products.