Organigram (TSE:OGI) Sets New 12-Month Low – Here’s What Happened

Organigram Holdings Inc. (TSE:OGI)’s share price hit a new 52-week low during mid-day trading on Friday . The stock traded as low as C$1.49 and last traded at C$1.51, with a volume of 122296 shares traded. The stock had previously closed at C$1.54.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the company. Canaccord Genuity Group cut their price objective on Organigram from C$3.60 to C$3.15 and set a “speculative buy” rating for the company in a research report on Monday, December 9th. ATB Capital lowered their target price on shares of Organigram from C$5.25 to C$3.50 in a research note on Tuesday, December 17th.

Organigram Price Performance

The stock has a market capitalization of C$186.55 million, a PE ratio of -3.19, a PEG ratio of 0.42 and a beta of 1.13. The company has a current ratio of 3.36, a quick ratio of 2.62 and a debt-to-equity ratio of 3.07. The company’s 50 day simple moving average is C$2.07 and its 200 day simple moving average is C$2.25.

Organigram Company Profile

Organigram Inc is a Canadian licensed producer of cannabis products. Organigram focuses on producing exceptional, indoor-grown cannabis for patients and adult recreational consumers, as well as developing global business partnerships.