Aphria (NYSE:APHA) Shares Up 5.3%

Aphria Inc (NYSE:APHA)’s stock price shot up 5.3% on Wednesday . The company traded as high as $6.65 and last traded at $6.58, 4,221,539 shares changed hands during trading. A decline of 24% from the average session volume of 5,564,664 shares. The stock had previously closed at $6.25.

Several research analysts have commented on APHA shares. CIBC cut shares of Aphria from a “neutral” rating to a “sector underperform” rating in a research report on Friday, July 26th. ValuEngine upgraded shares of Aphria from a “hold” rating to a “buy” rating in a research report on Thursday, August 1st. Zacks Investment Research cut shares of Aphria from a “strong-buy” rating to a “hold” rating in a research report on Thursday. Finally, Jefferies Financial Group started coverage on shares of Aphria in a research report on Friday, May 24th. They issued a “buy” rating and a $11.00 target price for the company. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and six have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $13.63.

The firm’s fifty day moving average price is $6.36 and its 200-day moving average price is $7.86. The firm has a market capitalization of $1.67 billion, a P/E ratio of -59.64 and a beta of 3.07.

Aphria (NYSE:APHA) last posted its quarterly earnings data on Thursday, August 1st. The company reported $0.05 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.05) by $0.10. The company had revenue of $128.60 million during the quarter, compared to the consensus estimate of $99.26 million. The company’s revenue was up 971.7% compared to the same quarter last year. Equities analysts anticipate that Aphria Inc will post 0.02 earnings per share for the current year.

Several institutional investors have recently bought and sold shares of the company. Two Sigma Advisers LP purchased a new stake in Aphria during the 4th quarter worth approximately $129,000. Bank of America Corp DE purchased a new stake in Aphria during the 4th quarter worth approximately $2,175,000. Legal & General Group Plc purchased a new stake in Aphria during the 4th quarter worth approximately $297,000. Norges Bank purchased a new stake in Aphria during the 4th quarter worth approximately $10,301,000. Finally, Deutsche Bank AG purchased a new stake in Aphria during the 4th quarter worth approximately $960,000. Institutional investors and hedge funds own 8.46% of the company’s stock.

About Aphria (NYSE:APHA)

Aphria Inc produces and sells medical cannabis in Canada and internationally. The company offers sativa, indica, and hybrid medical marijuana products, as well as cannabis oils. It serves patients and health professionals. The company also sells its products online. Aphria Inc is headquartered in Leamington, Canada.

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