Aphria (NYSE:APHA) Stock Price Up 2.5%

Shares of Aphria Inc (NYSE:APHA) rose 2.5% during trading on Monday . The company traded as high as $7.48 and last traded at $7.45. Approximately 85,716 shares were traded during trading, a decline of 98% from the average daily volume of 4,166,104 shares. The stock had previously closed at $7.27.

APHA has been the topic of a number of research analyst reports. ValuEngine downgraded Aphria from a “buy” rating to a “hold” rating in a research report on Monday, April 15th. Jefferies Financial Group started coverage on Aphria in a research report on Friday, May 24th. They issued a “buy” rating and a $11.00 price objective on the stock. Seaport Global Securities started coverage on Aphria in a research report on Thursday, February 21st. They issued a “buy” rating and a $18.00 price objective on the stock. Zacks Investment Research upgraded Aphria from a “strong sell” rating to a “hold” rating in a research report on Friday, May 10th. Finally, Clarus Securities started coverage on Aphria in a research report on Tuesday, April 16th. They issued a “buy” rating and a $22.75 price objective on the stock. Four research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Aphria presently has an average rating of “Buy” and an average target price of $14.75.

The stock has a market cap of $1.85 billion, a PE ratio of 51.64 and a beta of 3.37.

Aphria (NYSE:APHA) last issued its quarterly earnings data on Monday, April 15th. The company reported ($0.15) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.04) by ($0.11). The firm had revenue of $55.24 million during the quarter, compared to analyst estimates of $41.11 million. On average, equities analysts expect that Aphria Inc will post -0.12 earnings per share for the current fiscal year.

Large investors have recently modified their holdings of the company. Advisory Services Network LLC lifted its position in Aphria by 45.3% during the first quarter. Advisory Services Network LLC now owns 5,625 shares of the company’s stock worth $52,000 after buying an additional 1,755 shares during the period. Advisor Group Inc. lifted its position in Aphria by 17.4% during the first quarter. Advisor Group Inc. now owns 16,758 shares of the company’s stock worth $156,000 after buying an additional 2,482 shares during the period. Shell Asset Management Co. lifted its position in Aphria by 17.9% during the first quarter. Shell Asset Management Co. now owns 17,723 shares of the company’s stock worth $165,000 after buying an additional 2,687 shares during the period. Fifth Third Bancorp lifted its position in Aphria by 675.0% during the first quarter. Fifth Third Bancorp now owns 3,100 shares of the company’s stock worth $29,000 after buying an additional 2,700 shares during the period. Finally, Financial Advocates Investment Management purchased a new position in Aphria during the fourth quarter worth about $89,000. Institutional investors and hedge funds own 8.54% of the company’s stock.

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Aphria Company Profile (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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