Cresco Labs (OTCMKTS:CRLBF) Downgraded to "Hold" Rating by Atb Cap Markets

Cresco Labs (OTCMKTS:CRLBF - Get Free Report) was downgraded by equities researchers at Atb Cap Markets from a "strong-buy" rating to a "hold" rating in a research report issued on Monday,Zacks.com reports.

Several other research analysts have also issued reports on the stock. Cormark lowered shares of Cresco Labs from a "moderate buy" rating to a "hold" rating in a research report on Monday, November 11th. Roth Capital raised shares of Cresco Labs to a "strong-buy" rating in a research report on Sunday, November 10th. Finally, Needham & Company LLC restated a "hold" rating on shares of Cresco Labs in a report on Monday, August 12th. Four research analysts have rated the stock with a hold rating, two have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $2.50.

Cresco Labs Stock Down 3.3 %

OTCMKTS:CRLBF traded down $0.04 during mid-day trading on Monday, reaching $1.04. The stock had a trading volume of 687,161 shares, compared to its average volume of 750,139. The company has a debt-to-equity ratio of 1.80, a current ratio of 1.97 and a quick ratio of 1.39. The stock's 50 day simple moving average is $1.40 and its two-hundred day simple moving average is $1.58. Cresco Labs has a 1-year low of $1.02 and a 1-year high of $2.65. The company has a market capitalization of $507.67 million, a price-to-earnings ratio of -5.38 and a beta of 1.73.

About Cresco Labs

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.