Aurora Cannabis’ (ACB) Sell (D-) Rating Reiterated at Weiss Ratings

Weiss Ratings reaffirmed their sell (d-) rating on shares of Aurora Cannabis (NASDAQ:ACB) in a research report sent to investors on Friday morning,Weiss Ratings reports.

A number of other research analysts have also recently commented on the company. Zacks Research raised Aurora Cannabis from a “strong sell” rating to a “hold” rating in a research note on Monday, October 6th. Wall Street Zen downgraded shares of Aurora Cannabis from a “hold” rating to a “sell” rating in a research note on Friday, July 18th. Two research analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy”.

Aurora Cannabis Stock Up 2.7%

NASDAQ ACB opened at $5.25 on Friday. The company has a current ratio of 2.97, a quick ratio of 1.51 and a debt-to-equity ratio of 0.06. The company has a market cap of $295.16 million, a price-to-earnings ratio of -27.63 and a beta of 1.75. The company has a 50 day moving average of $5.26 and a 200-day moving average of $4.98. Aurora Cannabis has a 1-year low of $3.42 and a 1-year high of $6.91.

Aurora Cannabis (NASDAQ:ACB) last posted its quarterly earnings data on Wednesday, August 6th. The company reported ($0.19) EPS for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.37). The company had revenue of $71.98 million for the quarter, compared to the consensus estimate of $96.83 million. Aurora Cannabis had a negative return on equity of 1.49% and a negative net margin of 5.66%. On average, equities research analysts expect that Aurora Cannabis will post 0.46 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of ACB. DKM Wealth Management Inc. acquired a new position in Aurora Cannabis during the second quarter worth about $42,000. JW Asset Management LLC bought a new stake in shares of Aurora Cannabis during the 1st quarter valued at approximately $58,000. Headlands Technologies LLC bought a new stake in shares of Aurora Cannabis during the 2nd quarter valued at approximately $66,000. Engineers Gate Manager LP acquired a new position in Aurora Cannabis during the 2nd quarter worth approximately $68,000. Finally, Silver Oak Securities Incorporated bought a new position in Aurora Cannabis in the 3rd quarter valued at approximately $112,000. Institutional investors own 47.63% of the company’s stock.

About Aurora Cannabis

Aurora Cannabis Inc, together with its subsidiaries, produces, distributes, and sells cannabis and cannabis-derivative products in Canada and internationally. It operates through three segments: Canadian Cannabis, European Cannabis, and Plant Propagation. The company produces, distributes, and sells medical and consumer cannabis products in Canada.