Verano (OTCMKTS:VRNOF – Get Free Report) issued its earnings results on Thursday. The company reported ($0.04) EPS for the quarter, meeting analysts’ consensus estimates of ($0.04), Zacks reports. Verano had a negative return on equity of 7.48% and a negative net margin of 16.31%.
Verano Stock Performance
Shares of OTCMKTS VRNOF traded up $0.03 during midday trading on Thursday, hitting $0.90. 141,389 shares of the company’s stock were exchanged, compared to its average volume of 529,070. Verano has a twelve month low of $0.85 and a twelve month high of $6.50. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.99 and a quick ratio of 0.52. The firm has a market cap of $323.06 million, a P/E ratio of -2.20 and a beta of 0.90. The stock’s 50 day moving average price is $1.18 and its 200-day moving average price is $2.23.
Analyst Ratings Changes
Separately, Roth Capital upgraded Verano to a “strong-buy” rating in a research report on Sunday, November 10th.
Verano Company Profile
Verano Holdings Corp. operates as a vertically integrated multi-state cannabis operator in the United States. The company engages in the cultivation, processing, wholesale, and retail distribution of cannabis in Arizona, Arkansas, Connecticut, Florida, Illinois, Maryland, Massachusetts, Michigan, Nevada, New Jersey, Ohio, Pennsylvania, and West Virginia.
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