Cormark Upgrades Curaleaf (OTCMKTS:CURLF) to "Moderate Buy"

Key Points

• Curaleaf has been upgraded by Cormark from a "hold" rating to a "moderate buy" rating, signaling increased optimism from analysts.
• Shares of Curaleaf saw a significant 14.0% increase on the day following the upgrade, opening at $2.04.
• Despite a reported loss of ($0.06) EPS for the last quarter, Curaleaf exceeded analysts' expectations and is projected to post -0.25 EPS for the current year.

Cormark upgraded shares of Curaleaf (OTCMKTS:CURLF - Free Report) from a hold rating to a moderate buy rating in a research report report published on Friday,Zacks.com reports.

Curaleaf Price Performance

CURLF stock traded down $0.04 during mid-day trading on Friday, hitting $2.72. The company had a trading volume of 3,230,749 shares, compared to its average volume of 738,370. The company has a market capitalization of $1.82 billion, a price-to-earnings ratio of -8.50 and a beta of 0.69. Curaleaf has a 12-month low of $0.68 and a 12-month high of $3.58. The company has a quick ratio of 0.70, a current ratio of 1.41 and a debt-to-equity ratio of 1.08. The company has a 50-day moving average price of $1.11 and a 200 day moving average price of $1.06.

Curaleaf (OTCMKTS:CURLF - Get Free Report) last announced its earnings results on Wednesday, August 6th. The company reported ($0.06) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.07) by $0.01. Curaleaf had a negative net margin of 18.08% and a negative return on equity of 14.41%. On average, research analysts anticipate that Curaleaf will post -0.25 earnings per share for the current year.

Curaleaf Company Profile

Curaleaf Holdings, Inc operates a cannabis operator in the United States. It operates through two segments, Domestic Operations and International Operations. The company offers flower, pre-rolls, flower pots, and dry-herb vaporizer cartridges; concentrates for vaporizing which includes pre-filled vaporizer cartridges and disposable vaporizer pens; and concentrates for dabbing, such as mints, distillate droppers, mints, topical balms and lotions, tinctures, lozenges, capsules, and edibles.