Cresco Labs (OTCMKTS:CRLBF) Stock Rating Upgraded by Cormark

Cormark upgraded shares of Cresco Labs (OTCMKTS:CRLBF) from a hold rating to a moderate buy rating in a research note issued to investors on Monday morning,Zacks.com reports.

Separately, Atb Cap Markets downgraded shares of Cresco Labs from a “strong-buy” rating to a “hold” rating in a research note on Monday, December 9th. Two research analysts have rated the stock with a hold rating, one has issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, Cresco Labs currently has a consensus rating of “Buy” and an average target price of $3.00.

Cresco Labs Stock Down 0.8 %

Shares of OTCMKTS:CRLBF opened at $0.73 on Monday. The company has a debt-to-equity ratio of 1.80, a current ratio of 1.97 and a quick ratio of 1.39. The firm has a market capitalization of $358.29 million, a PE ratio of -3.67 and a beta of 1.79. The business has a 50 day simple moving average of $0.88 and a two-hundred day simple moving average of $1.19. Cresco Labs has a 1 year low of $0.70 and a 1 year high of $2.60.

Cresco Labs (OTCMKTS:CRLBF) last announced its quarterly earnings results on Friday, March 14th. The company reported ($0.01) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($0.01). The firm had revenue of $176.00 million during the quarter, compared to analyst estimates of $172.10 million. Cresco Labs had a negative return on equity of 16.52% and a negative net margin of 9.15%. On average, equities analysts predict that Cresco Labs will post -0.2 EPS for the current year.

Cresco Labs Company Profile

Cresco Labs Inc, together with its subsidiaries, cultivates, manufactures, and sells retail and medical cannabis products in the United States. It provides cannabis in flowers, vape pens, live resins, disposable pens, and extracts under the Cresco brand; vape carts, vape pens, flower, popcorn, shake, pre-rolls, shorties, and concentrates under the High Supply brand; vapes and gummies under the Good News brand; vapes and edibles under the Wonder Wellness Co brand; and tinctures, capsules, salves, and sublingual oils under the Remedi brand.