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

Key Points

• Curaleaf (OTCMKTS:CURLF) shares gapped down before trading on Tuesday, opening at $3.01 after closing at $3.24, with the last trading price at $3.14.
• Several analysts upgraded Curaleaf's stock rating to "strong-buy", leading to an average rating of "Strong Buy" according to MarketBeat.
• Curaleaf reported a quarterly earnings per share of (-$0.06), beating estimates and projecting (-$0.25) for the current fiscal year.

Curaleaf Holdings, Inc. (OTCMKTS:CURLF - Get Free Report)'s share price gapped down prior to trading on Tuesday . The stock had previously closed at $3.24, but opened at $3.01. Curaleaf shares last traded at $3.14, with a volume of 29,607 shares changing hands.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. Cormark raised Curaleaf from a "hold" rating to a "moderate buy" rating in a report on Friday, August 8th. Canaccord Genuity Group raised Curaleaf to a "strong-buy" rating in a research note on Thursday, October 9th. Two analysts have rated the stock with a Strong Buy rating, According to data from MarketBeat, the company presently has an average rating of "Strong Buy".

Curaleaf Price Performance

The company has a market capitalization of $2.15 billion, a PE ratio of -10.03 and a beta of 0.71. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.47 and a quick ratio of 0.70. The firm has a 50-day moving average of $2.79 and a 200 day moving average of $1.58.

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

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