Aurora Cannabis (NASDAQ:ACB) Upgraded at Atb Cap Markets

Aurora Cannabis (NASDAQ:ACB - Get Free Report) was upgraded by equities research analysts at Atb Cap Markets from a "hold" rating to a "strong-buy" rating in a report issued on Wednesday,Zacks.com reports.Get Aurora Cannabis alerts:Profit from the Green Wave: Top Cannabis Stocks to WatchSeveral other brokerages have also issued reports on ACB. TD Securities upgraded Aurora Cannabis to a "strong-buy" rating in a research note on Thursday, December 12th. TD Cowen began coverage on Aurora Cannabis in a report on Wednesday, December 11th. They issued a "buy" rating for the company.Read Our Latest Stock Report on ACBAurora Cannabis Stock PerformanceThe Cannabis Sector: Profitability Takes Center StageNASDAQ ACB opened at $6.25 on Wednesday. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.88 and a current ratio of 3.83. The company has a market capitalization of $342.86 million, a PE ratio of -8.22 and a beta of 1.84. Aurora Cannabis has a 52-week low of $2.84 and a 52-week high of $9.35. The company has a 50-day simple moving average of $4.24 and a 200 day simple moving average of $5.16. Aurora Cannabis (NASDAQ:ACB - Get Free Report) last issued its quarterly earnings results on Wednesday, February 5th. The company reported $0.06 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.09) by $0.15. Aurora Cannabis had a negative net margin of 17.47% and a negative return on equity of 2.19%. On average, research analysts predict that Aurora Cannabis will post -0.1 EPS for the current year. Hedge Funds Weigh In On Aurora CannabisAurora Cannabis Earnings Reveal a Turning Tide for the StockHedge funds have recently made changes to their positions in the stock. SBI Securities Co. Ltd. bought a new position in Aurora Cannabis in the 4th quarter valued at $31,000. Cubist Systematic Strategies LLC purchased a new stake in shares of Aurora Cannabis in the second quarter worth $50,000. Wealthspire Advisors LLC bought a new stake in Aurora Cannabis during the fourth quarter valued at $149,000. Finally, Tidal Investments LLC boosted its stake in Aurora Cannabis by 2.7% during the third quarter. Tidal Investments LLC now owns 1,344,321 shares of the company's stock valued at $7,905,000 after buying an additional 34,988 shares during the period. 47.63% of the stock is currently owned by hedge funds and other institutional investors. Aurora Cannabis Company Profile (Get Free Report)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.See AlsoFive stocks we like better than Aurora CannabisInsider Trading - What You Need to KnowPrice Plunge in Roblox Presents Opportunity for Robust GainsEV Stocks and How to Profit from Them Billions in Buybacks: 4 Stocks Rewarding Shareholders NowStock Splits, Do They Really Impact Investors?3 Steel Stocks to Gain Strength as Tariffs Reshape the MarketThis instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.Where Should You Invest $1,000 Right Now?Before you make your next trade, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis.Our team has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and none of the big name stocks were on the list.They believe these five stocks are the five best companies for investors to buy now...See The Five Stocks Here Should You Invest $1,000 in Aurora Cannabis Right Now?Before you consider Aurora Cannabis, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Aurora Cannabis wasn't on the list.While Aurora Cannabis currently has a "Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here