IM Cannabis Corp. (NASDAQ:IMCC – Get Free Report)’s share price was down 43.9% during mid-day trading on Monday . The stock traded as low as $3.27 and last traded at $3.48. Approximately 4,642,153 shares were traded during mid-day trading, an increase of 5,523% from the average daily volume of 82,558 shares. The stock had previously closed at $6.20.
IM Cannabis Stock Down 43.9%
The stock’s 50 day moving average is $1.78 and its 200 day moving average is $2.13. The company has a quick ratio of 0.59, a current ratio of 0.70 and a debt-to-equity ratio of 0.10. The firm has a market cap of $7.77 million, a price-to-earnings ratio of -1.02 and a beta of 1.10.
IM Cannabis (NASDAQ:IMCC – Get Free Report) last issued its quarterly earnings results on Thursday, May 15th. The company reported $0.06 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.25) by $0.31. The company had revenue of $8.69 million during the quarter, compared to the consensus estimate of $11.45 million. IM Cannabis had a negative net margin of 25.55% and a negative return on equity of 129.86%.
IM Cannabis Company Profile
IM Cannabis Corp. engages in breeding, growing, and supply of medical cannabis products in Israel and Germany. It offers cannabis flowers and strain-specific cannabis extracts under the IMC brand; and dried flower, pre-rolls, minis, and full spectrum extracts offerings under the WAGNERS and BLKMKT brands.
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