OrganiGram Holdings Inc. (NASDAQ:OGI – Get Rating) – Jefferies Financial Group boosted their FY2022 earnings estimates for shares of OrganiGram in a report issued on Wednesday, April 13th. Jefferies Financial Group analyst O. Bennett now expects that the company will post earnings per share of ($0.07) for the year, up from their previous estimate of ($0.10). Jefferies Financial Group also issued estimates for OrganiGram’s FY2023 earnings at ($0.03) EPS.
OrganiGram (NASDAQ:OGI – Get Rating) last announced its earnings results on Tuesday, April 12th. The company reported ($0.01) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.03) by $0.02. OrganiGram had a negative return on equity of 12.28% and a negative net margin of 32.87%. During the same period last year, the company posted ($0.09) EPS.
Shares of NASDAQ OGI opened at $1.74 on Friday. The stock’s 50-day simple moving average is $1.55 and its two-hundred day simple moving average is $1.83. OrganiGram has a twelve month low of $1.27 and a twelve month high of $3.52.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in OGI. PCG Wealth Advisors LLC purchased a new stake in OrganiGram in the 4th quarter worth approximately $25,000. Gotham Asset Management LLC purchased a new stake in OrganiGram in the 4th quarter worth approximately $33,000. Two Sigma Securities LLC bought a new position in shares of OrganiGram in the 3rd quarter worth approximately $35,000. Bridgewater Associates LP bought a new position in shares of OrganiGram in the 4th quarter worth approximately $36,000. Finally, Pinnacle Private Wealth LLC bought a new position in shares of OrganiGram in the 4th quarter worth approximately $39,000. Institutional investors and hedge funds own 11.78% of the company’s stock.
OrganiGram Company Profile (Get Rating)
Organigram Holdings Inc, through its subsidiaries, produces and sells cannabis and cannabis-derived products in Canada. It offers medical cannabis products, including cannabis flowers, cannabis oils, and vaporizers for civilian patients and veterans; adult use recreational cannabis under the Edison Cannabis Co, Trail Blazer, SHRED, SHRED'ems, Big Bag O' Buds, and Monjour brands; and cannabis edibles products and concentrates.
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