Canopy Growth (NASDAQ:CGC) Trading Down 4.4%

Canopy Growth Co. (NASDAQ:CGC) was down 4.4% during trading on Friday . The stock traded as low as $6.80 and last traded at $6.81. Approximately 185,953 shares were traded during trading, a decline of 98% from the average daily volume of 10,548,667 shares. The stock had previously closed at $7.12.

Analyst Ratings Changes

Separately, Atb Cap Markets raised Canopy Growth to a “hold” rating in a report on Monday.

Canopy Growth Stock Down 5.5 %

The stock has a 50-day moving average of $8.72 and a two-hundred day moving average of $6.36. The company has a market cap of $512.83 million, a P/E ratio of -1.05 and a beta of 0.95. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.25 and a current ratio of 1.58.

Insider Buying and Selling

In related news, Director Willy Kruh sold 3,738 shares of the business’s stock in a transaction that occurred on Monday, June 10th. The stock was sold at an average price of $9.94, for a total value of $37,155.72. Following the completion of the sale, the director now owns 17,295 shares in the company, valued at approximately $171,912.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders sold 5,562 shares of company stock worth $55,286 in the last quarter. 0.35% of the stock is owned by insiders.

Institutional Trading of Canopy Growth

Several hedge funds and other institutional investors have recently bought and sold shares of CGC. Vanguard Personalized Indexing Management LLC lifted its position in Canopy Growth by 197.5% in the third quarter. Vanguard Personalized Indexing Management LLC now owns 43,179 shares of the company’s stock valued at $34,000 after purchasing an additional 28,666 shares during the last quarter. PCG Wealth Advisors LLC lifted its position in Canopy Growth by 73.6% in the first quarter. PCG Wealth Advisors LLC now owns 31,363 shares of the company’s stock valued at $271,000 after purchasing an additional 13,300 shares during the last quarter. Genesee Capital Advisors LLC lifted its position in Canopy Growth by 29.9% in the first quarter. Genesee Capital Advisors LLC now owns 13,047 shares of the company’s stock valued at $113,000 after purchasing an additional 3,000 shares during the last quarter. Gainplan LLC bought a new stake in Canopy Growth in the first quarter valued at approximately $302,000. Finally, SG Americas Securities LLC bought a new stake in Canopy Growth in the first quarter valued at approximately $740,000. Institutional investors own 3.33% of the company’s stock.

About Canopy Growth

Canopy Growth Corporation, together with its subsidiaries, engages in the production, distribution, and sale of cannabis and hemp-based products for recreational and medical purposes primarily in Canada, the United States, and Germany. It operates through two segments, Global Cannabis and Other Consumer Products.