Charlotte’s Web (TSE:CWEB) Trading Down 7.8% – Here’s What Happened

Charlotte’s Web Holdings, Inc. (TSE:CWEB) shares dropped 7.8% during mid-day trading on Friday . The stock traded as low as C$1.18 and last traded at C$1.19. Approximately 123,898 shares were traded during mid-day trading, a decline of 33% from the average daily volume of 185,107 shares. The stock had previously closed at C$1.29.

Charlotte’s Web Trading Down 18.6%

The firm’s 50-day moving average price is C$0.61 and its 200 day moving average price is C$0.33. The company has a market cap of C$167.39 million, a price-to-earnings ratio of -7.50 and a beta of 2.17. The company has a current ratio of 3.03, a quick ratio of 1.41 and a debt-to-equity ratio of 203.10.

Charlotte’s Web (TSE:CWEB) last issued its earnings results on Wednesday, November 12th. The company reported C($0.04) earnings per share (EPS) for the quarter. The company had revenue of C$16.02 million for the quarter. Charlotte’s Web had a negative return on equity of 83.34% and a negative net margin of 66.35%. As a group, equities analysts expect that Charlotte’s Web Holdings, Inc. will post 0.0028902 EPS for the current year.

Charlotte’s Web Company Profile

Charlottes Web Holdings Inc is engaged in the production and distribution of hemp-based cannabidiol (CBD) wellness products. Its product categories include ingestible products (tinctures, capsules, and gummies), topicals, and pet products. The company distributes its products through an e-commerce website, third-party e-commerce websites, select distributors, health practitioners, and a variety of brick and mortar specialty retailers.