IM Cannabis Corp. (NASDAQ:IMCC – Get Free Report)’s stock price was down 43.9% on Monday . The stock traded as low as $3.27 and last traded at $3.48. Approximately 4,642,153 shares traded hands during trading, an increase of 5,523% from the average daily volume of 82,558 shares. The stock had previously closed at $6.20.
IM Cannabis Stock Down 43.9%
The company has a quick ratio of 0.59, a current ratio of 0.70 and a debt-to-equity ratio of 0.10. The firm has a market capitalization of $7.77 million, a PE ratio of -1.02 and a beta of 1.10. The business’s 50-day moving average price is $1.78 and its 200-day moving average price is $2.13.
IM Cannabis (NASDAQ:IMCC – Get Free Report) last released its quarterly earnings data on Thursday, May 15th. The company reported $0.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.25) by $0.31. IM Cannabis had a negative return on equity of 129.86% and a negative net margin of 25.55%. The firm had revenue of $8.69 million during the quarter, compared to analysts’ expectations of $11.45 million.
IM Cannabis Company Profile
IM Cannabis Corp. engages in breeding, growing, and supply of medical cannabis products in Israel and Germany. It offers cannabis flowers and strain-specific cannabis extracts under the IMC brand; and dried flower, pre-rolls, minis, and full spectrum extracts offerings under the WAGNERS and BLKMKT brands.
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