Organigram (TSE:OGI) Reaches New 1-Year Low – Time to Sell?

Organigram Holdings Inc. (TSE:OGI) hit a new 52-week low during mid-day trading on Monday . The company traded as low as C$1.39 and last traded at C$1.43, with a volume of 109013 shares traded. The stock had previously closed at C$1.45.

Analyst Upgrades and Downgrades

OGI has been the subject of several analyst reports. ATB Capital cut their price target on Organigram from C$5.25 to C$3.50 in a report on Tuesday, December 17th. Canaccord Genuity Group dropped their target price on Organigram from C$3.60 to C$3.15 and set a “speculative buy” rating for the company in a research note on Monday, December 9th.

Organigram Trading Up 1.4 %

The business’s fifty day moving average is C$1.83 and its 200-day moving average is C$2.14. The stock has a market capitalization of C$181.61 million, a PE ratio of -3.11, a P/E/G ratio of 0.42 and a beta of 1.13. The company has a quick ratio of 2.62, a current ratio of 3.36 and a debt-to-equity ratio of 3.07.

About Organigram

Organigram Inc is a Canadian licensed producer of cannabis products. Organigram focuses on producing exceptional, indoor-grown cannabis for patients and adult recreational consumers, as well as developing global business partnerships.