Canopy Growth (TSE:WEED) Stock Rating Upgraded by Benchmark

Canopy Growth (TSE:WEED) was upgraded by research analysts at Benchmark from a “sell” rating to a “hold” rating in a report issued on Monday,BayStreet.CA reports.

Canopy Growth Stock Performance

Shares of Canopy Growth stock opened at C$1.69 on Monday. Canopy Growth has a 1 year low of C$1.09 and a 1 year high of C$6.11. The firm’s 50-day moving average is C$1.89 and its 200 day moving average is C$1.88. The stock has a market cap of C$527.26 million, a price-to-earnings ratio of -0.40, a PEG ratio of -0.01 and a beta of 2.38. The company has a debt-to-equity ratio of 120.38, a current ratio of 1.39 and a quick ratio of 2.32.

About Canopy Growth

Canopy Growth Corporation, together with its subsidiaries, engages in growing, possession, and sale of medical cannabis in Canada. Its products include dried flowers, oils and concentrates, softgel capsules, and hemps. The company offers its products under the Tweed, Black Label, Spectrum Cannabis, DNA Genetics, Leafs By Snoop, CraftGrow, and Foria brand names.