CannTrust (NYSE:CTST) Trading Down 6.7%

CannTrust Holdings Inc (NYSE:CTST)’s stock price traded down 6.7% during trading on Monday . The company traded as low as C$1.12 and last traded at C$1.12, 1,831,434 shares were traded during mid-day trading. A decline of 34% from the average session volume of 2,777,460 shares. The stock had previously closed at C$1.20.

A number of equities research analysts recently commented on the stock. Bloom Burton downgraded shares of CannTrust from a “buy” rating to a “hold” rating in a research report on Wednesday, July 10th. Canaccord Genuity set a $2.00 price objective on shares of CannTrust and gave the company a “hold” rating in a research report on Wednesday, September 18th. Bank of America downgraded shares of CannTrust from a “buy” rating to an “underperform” rating and reduced their price objective for the company from $9.00 to $4.50 in a research report on Monday, July 8th. Zacks Investment Research downgraded shares of CannTrust from a “buy” rating to a “hold” rating in a research report on Friday, August 9th. Finally, Roth Capital reiterated a “neutral” rating on shares of CannTrust in a research report on Tuesday, July 9th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of C$4.13.

The stock’s 50-day moving average price is C$1.69 and its 200-day moving average price is C$4.64. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.38 and a current ratio of 5.64. The company has a market capitalization of $169.78 million, a price-to-earnings ratio of -10.18 and a beta of 3.55.

Several hedge funds have recently bought and sold shares of CTST. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp acquired a new stake in shares of CannTrust during the 1st quarter valued at approximately $1,509,000. CIBC World Markets Inc. purchased a new position in shares of CannTrust during the 1st quarter worth approximately $432,000. Aureus Asset Management LLC purchased a new position in shares of CannTrust during the 1st quarter worth approximately $647,000. JW Asset Management LLC purchased a new position in shares of CannTrust during the 1st quarter worth approximately $10,863,000. Finally, Hilton Capital Management LLC purchased a new position in shares of CannTrust during the 1st quarter worth approximately $698,000. Institutional investors own 20.71% of the company’s stock.

CannTrust Company Profile (NYSE:CTST)

CannTrust Holdings Inc produces and sells medical and recreational cannabis in Canada. It sells dried cannabis and cannabis extracts to the medical patients. CannTrust Holdings Inc was incorporated in 2015 and is headquartered in Vaughan, Canada.

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