Verano Holdings Corp. (OTCMKTS:VRNOF - Get Free Report) rose 1.2% during mid-day trading on Friday . The stock traded as high as $0.51 and last traded at $0.49. Approximately 271,038 shares changed hands during trading, an increase of 0% from the average daily volume of 269,976 shares. The stock had previously closed at $0.48.
Analysts Set New Price Targets
Separately, Cormark lowered shares of Verano from a "moderate buy" rating to a "hold" rating in a research report on Monday, May 12th.
Check Out Our Latest Stock Analysis on VRNOF
Verano Price Performance
The firm's fifty day moving average price is $0.64 and its 200 day moving average price is $0.85. The company has a quick ratio of 1.01, a current ratio of 2.15 and a debt-to-equity ratio of 0.53. The stock has a market cap of $177.27 million, a PE ratio of -0.49 and a beta of 0.81.
Verano (OTCMKTS:VRNOF - Get Free Report) last released its earnings results on Thursday, May 8th. The company reported ($0.03) EPS for the quarter, topping the consensus estimate of ($0.05) by $0.02. Verano had a negative net margin of 40.20% and a negative return on equity of 8.06%. The firm had revenue of $209.81 million for the quarter, compared to the consensus estimate of $213.84 million. As a group, equities analysts expect that Verano Holdings Corp. will post -0.18 EPS for the current fiscal year.
Verano Company Profile
(
Get Free Report)
Verano Holdings Corp. operates as a vertically integrated multi-state cannabis operator in the United States. The company engages in the cultivation, processing, wholesale, and retail distribution of cannabis in Arizona, Arkansas, Connecticut, Florida, Illinois, Maryland, Massachusetts, Michigan, Nevada, New Jersey, Ohio, Pennsylvania, and West Virginia.
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