Hexo (TSE:HEXO) Hits New 52-Week Low at $2.63

Hexo Corp (TSE:HEXO) reached a new 52-week low during mid-day trading on Wednesday . The company traded as low as C$2.63 and last traded at C$2.63, with a volume of 1154769 shares. The stock had previously closed at C$2.80.

A number of research firms recently issued reports on HEXO. Jefferies Financial Group raised Hexo from an “underperform” rating to a “hold” rating and lowered their target price for the stock from C$7.70 to C$3.80 in a research note on Friday, October 11th. CIBC lowered their target price on Hexo from C$3.00 to C$2.50 in a research note on Wednesday, October 30th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of C$8.35.

The business has a 50 day moving average of C$4.15 and a 200-day moving average of C$7.11. The company has a current ratio of 5.97, a quick ratio of 3.57 and a debt-to-equity ratio of 4.30. The firm has a market capitalization of $639.89 million and a P/E ratio of -6.14.

About Hexo (TSE:HEXO)

HEXO Corp., through its subsidiary, HEXO Operations Inc, produces, markets, and sells cannabis in Canada. The company 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. It provides its products under the HEXO and Hydropothecary brand names.

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