Flora Growth Corp. (NASDAQ:FLGC) Stock Holdings Lifted by Geode Capital Management LLC

Geode Capital Management LLC lifted its stake in Flora Growth Corp. (NASDAQ:FLGC) by 23.3% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 130,934 shares of the company’s stock after acquiring an additional 24,713 shares during the period. Geode Capital Management LLC owned 0.91% of Flora Growth worth $135,000 at the end of the most recent reporting period.

Separately, Virtu Financial LLC bought a new stake in shares of Flora Growth in the 4th quarter worth approximately $43,000. Institutional investors and hedge funds own 36.01% of the company’s stock.

Flora Growth Stock Performance

NASDAQ FLGC opened at $0.63 on Monday. The company’s 50-day simple moving average is $0.60 and its 200 day simple moving average is $0.99. Flora Growth Corp. has a twelve month low of $0.42 and a twelve month high of $2.11. The stock has a market cap of $12.24 million, a P/E ratio of -0.48 and a beta of 2.01. The company has a quick ratio of 0.64, a current ratio of 1.02 and a debt-to-equity ratio of 0.43.

Flora Growth (NASDAQ:FLGC) last announced its earnings results on Monday, March 24th. The company reported ($0.42) EPS for the quarter, missing the consensus estimate of ($0.11) by ($0.31). Flora Growth had a negative return on equity of 268.17% and a negative net margin of 30.99%. The business had revenue of $13.33 million during the quarter, compared to analyst estimates of $13.55 million. As a group, research analysts forecast that Flora Growth Corp. will post -0.93 earnings per share for the current fiscal year.

Flora Growth Company Profile

Flora Growth Corp., together with its subsidiaries, engages in the growth, cultivation, and development of medicinal cannabis and medicinal cannabis derivative products worldwide. It operates through three segments: House of Brands, Commercial and Wholesale, and Pharmaceuticals. The company cultivates, processes, and supplies medicinal-grade cannabis flower, and cannabis derived medical and wellness products.