Curaleaf (OTCMKTS:CURLF) Shares Gap Down - Should You Sell?

Key Points

• Curaleaf's stock price gapped down from $2.72 to $2.55 at market open, currently trading at $2.90 with a volume of 435,790 shares.
• Cormark upgraded Curaleaf's rating from "hold" to a "moderate buy" on August 8th, indicating a potential positive outlook for the stock.
• The company reported a quarterly earnings per share (EPS) of ($0.06), slightly beating the consensus estimate of ($0.07).

Curaleaf Holdings, Inc. (OTCMKTS:CURLF - Get Free Report)'s share price gapped down prior to trading on Wednesday . The stock had previously closed at $2.72, but opened at $2.55. Curaleaf shares last traded at $2.90, with a volume of 435,790 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Cormark upgraded shares of Curaleaf from a "hold" rating to a "moderate buy" rating in a report on Friday, August 8th.

Curaleaf Price Performance

The company has a market capitalization of $1.94 billion, a P/E ratio of -9.06 and a beta of 0.69. The company's 50-day moving average price is $1.27 and its two-hundred day moving average price is $1.11. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.47 and a quick ratio of 0.70.

Curaleaf (OTCMKTS:CURLF - Get Free Report) last announced its quarterly earnings data on Wednesday, August 6th. The company reported ($0.06) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.07) by $0.01. Curaleaf had a negative net margin of 18.08% and a negative return on equity of 14.61%. As a group, sell-side analysts expect that Curaleaf Holdings, Inc. will post -0.25 EPS for the current year.

About Curaleaf

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.