Fire & Flower (TSE:FAF) Trading Down 3.4%

Fire & Flower Holdings Corp. (TSE:FAF – Get Rating) dropped 3.4% on Wednesday . The stock traded as low as C$1.10 and last traded at C$1.12. Approximately 19,753 shares changed hands during trading, a decline of 50% from the average daily volume of 39,581 shares. The stock had previously closed at C$1.16.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on FAF. Atb Cap Markets upgraded Fire & Flower from a “sector perform” rating to an “outperform” rating in a report on Tuesday, December 13th. Echelon Wealth Partners upgraded shares of Fire & Flower from a “hold” rating to a “speculative buy” rating in a research note on Tuesday, December 13th.

Fire & Flower Trading Down 3.4 %

The stock has a 50-day moving average of C$1.29 and a two-hundred day moving average of C$1.52. The company has a market cap of C$50.98 million, a P/E ratio of -0.54 and a beta of 2.50. The company has a debt-to-equity ratio of 60.45, a quick ratio of 1.03 and a current ratio of 1.34.

About Fire & Flower

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Fire & Flower Holdings Corp. operates as an independent cannabis retailer in Canada and the United States. The company operates through Retail, Wholesale and Logistics, and Digital Platform segments. The Retail segment sells cannabis products and accessories to the adult-use market in provinces under the Fire & Flower, Friendly Stranger, Happy Dayz, and Hotbox retail banners.