HEXO Corp. (NASDAQ:HEXO)’s share price gapped up before the market opened on Friday . The stock had previously closed at $3.18, but opened at $2.89. HEXO shares last traded at $2.71, with a volume of 132,064 shares.
Several equities analysts have recently commented on HEXO shares. Seaport Global Securities lowered shares of HEXO from a “buy” rating to a “neutral” rating in a research report on Monday. TheStreet lowered shares of HEXO from a “c-” rating to a “d+” rating in a research report on Monday, July 22nd. Zacks Investment Research lowered shares of HEXO from a “buy” rating to a “hold” rating in a research report on Thursday, October 10th. Oppenheimer lowered shares of HEXO from an “outperform” rating to a “market perform” rating in a research report on Tuesday, June 25th. Finally, MKM Partners started coverage on shares of HEXO in a research report on Friday, September 20th. They set a “buy” rating and a $12.00 price target for the company. One research analyst has rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $7.08.
The firm’s 50-day moving average price is $3.87 and its 200 day moving average price is $5.31.
HEXO Company Profile (NASDAQ:HEXO)
HEXO Corp., through its subsidiary, HEXO Operations Inc, produces, markets, and sells cannabis in Canada. The company offers dried cannabis under the Time of Day and H2 lines; Elixir, a cannabis oil sublingual mist product line; and Decarb, an activated fine-milled cannabis powder product. It provides its products under the HEXO and Hydropothecary brand names.
Recommended Story: The basics of gap trading strategies
Receive News & Ratings for HEXO Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for HEXO and related companies with MarketBeat.com's FREE daily email newsletter.