Verano Holdings Corp. (OTCMKTS:VRNOF - Get Free Report) shares dropped 3.1% during mid-day trading on Friday . The company traded as low as $3.11 and last traded at $3.15. Approximately 248,947 shares changed hands during trading, a decline of 40% from the average daily volume of 415,142 shares. The stock had previously closed at $3.25.
Wall Street Analyst Weigh In
Separately, Ventum Cap Mkts upgraded Verano to a "strong-buy" rating in a research report on Tuesday, July 30th.
Check Out Our Latest Stock Report on VRNOF
Verano Price Performance
The company has a current ratio of 0.99, a quick ratio of 0.52 and a debt-to-equity ratio of 0.39. The firm has a market cap of $1.12 billion, a P/E ratio of -9.84 and a beta of 1.22. The company has a fifty day moving average price of $3.71 and a two-hundred day moving average price of $4.45.
Verano (OTCMKTS:VRNOF - Get Free Report) last released its earnings results on Wednesday, August 7th. The company reported ($0.05) EPS for the quarter, meeting the consensus estimate of ($0.05). The firm had revenue of $222.39 million for the quarter, compared to analysts' expectations of $224.23 million. Verano had a negative return on equity of 4.87% and a negative net margin of 13.21%. Equities analysts anticipate that Verano Holdings Corp. will post -0.16 earnings per share for the current year.
About Verano
(
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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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