Cresco Labs (OTCMKTS:CRLBF) Stock Price Down 1%

Cresco Labs Inc. (OTCMKTS:CRLBF - Get Free Report)'s stock price dropped 1% on Monday . The stock traded as low as $1.92 and last traded at $1.98. Approximately 433,957 shares changed hands during mid-day trading, a decline of 53% from the average daily volume of 921,794 shares. The stock had previously closed at $2.00.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on CRLBF shares. Roth Mkm raised their price objective on Cresco Labs from $1.75 to $2.00 and gave the company a "neutral" rating in a report on Thursday, March 14th. Echelon Wealth Partners raised Cresco Labs from a "hold" rating to a "buy" rating in a report on Wednesday, March 13th.

Cresco Labs Trading Up 1.5 %

The firm has a market capitalization of $694.70 million, a P/E ratio of -3.67 and a beta of 2.29. The firm has a 50-day moving average of $1.93 and a 200-day moving average of $1.77. The company has a debt-to-equity ratio of 1.55, a quick ratio of 0.85 and a current ratio of 1.39.

Cresco Labs (OTCMKTS:CRLBF - Get Free Report) last issued its quarterly earnings data on Friday, March 15th. The company reported $0.01 earnings per share for the quarter, topping analysts' consensus estimates of ($0.02) by $0.03. The firm had revenue of $188.24 million for the quarter, compared to analyst estimates of $181.36 million. Cresco Labs had a negative return on equity of 10.51% and a negative net margin of 22.77%. On average, equities research analysts anticipate that Cresco Labs Inc. will post -0.07 EPS for the current fiscal 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.