Canopy Growth (TSE:WEED) Upgraded at Benchmark

Canopy Growth (TSE:WEED) was upgraded by equities research analysts at Benchmark from a “sell” rating to a “hold” rating in a research note issued to investors on Monday,BayStreet.CA reports.

Canopy Growth Stock Up 5.5%

WEED traded up C$0.09 during midday trading on Monday, hitting C$1.74. 3,004,999 shares of the company’s stock traded hands, compared to its average volume of 2,835,218. The stock’s fifty day simple moving average is C$1.91 and its 200-day simple moving average is C$1.88. Canopy Growth has a one year low of C$1.09 and a one year high of C$6.11. The company has a market cap of C$542.86 million, a PE ratio of -0.42, a price-to-earnings-growth ratio of -0.01 and a beta of 2.38. The company has a debt-to-equity ratio of 120.38, a current ratio of 1.39 and a quick ratio of 2.32.

About Canopy Growth

Canopy Growth Corporation, together with its subsidiaries, engages in growing, possession, and sale of medical cannabis in Canada. Its products include dried flowers, oils and concentrates, softgel capsules, and hemps. The company offers its products under the Tweed, Black Label, Spectrum Cannabis, DNA Genetics, Leafs By Snoop, CraftGrow, and Foria brand names.