Shares of Flora Growth Corp. (NASDAQ:FLGC – Get Free Report) traded down 1.5% during trading on Thursday . The stock traded as low as $4.03 and last traded at $4.2350. 32,327 shares traded hands during mid-day trading, a decline of 18% from the average daily volume of 39,454 shares. The stock had previously closed at $4.30.
Flora Growth Stock Performance
The firm has a market cap of $4.43 million, a P/E ratio of -0.13 and a beta of 1.90. The firm’s fifty day simple moving average is $2.97 and its 200 day simple moving average is $4.80.
Hedge Funds Weigh In On Flora Growth
A hedge fund recently raised its position in Flora Growth stock. Geode Capital Management LLC raised its position in shares of Flora Growth Corp. (NASDAQ:FLGC – Free Report) by 1.8% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 168,572 shares of the company’s stock after acquiring an additional 3,015 shares during the period. Geode Capital Management LLC owned approximately 29.16% of Flora Growth worth $98,000 as of its most recent filing with the Securities and Exchange Commission (SEC). Institutional investors and hedge funds own 36.01% of the company’s stock.
About Flora Growth
Flora Growth Corp (NASDAQ: FLGC) is a vertically integrated cannabis and hemp company engaged in the cultivation, extraction, formulation and distribution of cannabinoid-based products. Its portfolio encompasses a broad range of offerings, including oils, vape cartridges, edibles, topicals and patent-pending delivery systems designed for both medical and wellness applications.
Founded in 2018, Flora Growth has established cultivation and processing operations in Uruguay’s greenhouse hubs, complemented by extraction and formulation laboratories in Florida.
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