Verano (OTCMKTS:VRNOF) Trading Down 5.1%

Verano Holdings Corp. (OTCMKTS:VRNOF)’s stock price traded down 5.1% during mid-day trading on Thursday . The company traded as low as $5.81 and last traded at $5.94. 231,091 shares were traded during mid-day trading, a decline of 43% from the average session volume of 406,398 shares. The stock had previously closed at $6.26.

Analyst Ratings Changes

Separately, Needham & Company LLC upped their price objective on shares of Verano from $6.00 to $7.00 and gave the stock a “buy” rating in a report on Friday, March 1st.

Verano Price Performance

The company has a debt-to-equity ratio of 0.39, a current ratio of 0.96 and a quick ratio of 0.62. The stock’s fifty day simple moving average is $5.62 and its 200-day simple moving average is $4.79. The company has a market capitalization of $2.04 billion, a P/E ratio of -17.47 and a beta of 1.55.

Verano (OTCMKTS:VRNOF) last released its quarterly earnings results on Friday, March 15th. The company reported ($0.07) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.02). Verano had a negative net margin of 12.50% and a negative return on equity of 4.49%. The firm had revenue of $237.19 million for the quarter, compared to the consensus estimate of $233.22 million. On average, equities analysts forecast that Verano Holdings Corp. will post -0.2 earnings per share for the current fiscal year.

Verano Company Profile

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, California, Connecticut, Florida, Illinois, Maryland, Massachusetts, Michigan, Missouri, Nevada, New Jersey, Ohio, Pennsylvania, and West Virginia.