496,135 Shares in CannTrust Holdings Inc (CTST) Acquired by Davis Rea LTD.

Davis Rea LTD. purchased a new position in CannTrust Holdings Inc (NYSE:CTST) in the 1st quarter, HoldingsChannel.com reports. The firm purchased 496,135 shares of the company’s stock, valued at approximately $3,846,000. CannTrust comprises approximately 2.3% of Davis Rea LTD.’s holdings, making the stock its 20th biggest position.

Several research analysts recently issued reports on the stock. Zacks Investment Research lowered shares of CannTrust from a “buy” rating to a “hold” rating in a research note on Wednesday, April 3rd. Bloom Burton reiterated an “accumulate” rating on shares of CannTrust in a research note on Friday, March 29th.

CTST stock traded down C$0.44 during trading on Thursday, hitting C$7.03. 2,261,426 shares of the stock traded hands, compared to its average volume of 1,165,646. CannTrust Holdings Inc has a 1 year low of C$4.35 and a 1 year high of C$11.97. The company has a market capitalization of $789.13 million, a price-to-earnings ratio of -63.91 and a beta of 4.40. The company has a debt-to-equity ratio of 0.06, a quick ratio of 5.54 and a current ratio of 7.65.

CannTrust (NYSE:CTST) last announced its quarterly earnings data on Thursday, March 28th. The company reported C($0.20) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of C($0.04) by C($0.16). CannTrust had a negative net margin of 28.09% and a negative return on equity of 7.34%. The firm had revenue of C$16.20 million for the quarter, compared to analysts’ expectations of C$20.99 million. CannTrust’s revenue for the quarter was up 131.4% on a year-over-year basis. As a group, research analysts predict that CannTrust Holdings Inc will post 0.03 earnings per share for the current fiscal year.

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CannTrust Company Profile

CannTrust Holdings Inc produces and distributes pharmaceutical grade medical cannabis products in Canada. It sells dried cannabis and oil extractions to the client based on the medication document provided by health care practitioner. The company has a partnership with Gold Coast University Hospital.

See Also: Trade Deficit

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