Verano Holdings Corp. (OTCMKTS:VRNOF - Get Free Report) shares were down 4.4% during mid-day trading on Wednesday . The stock traded as low as $1.20 and last traded at $1.20. Approximately 997,012 shares traded hands during mid-day trading, an increase of 128% from the average daily volume of 438,061 shares. The stock had previously closed at $1.25.
Wall Street Analyst Weigh In
Separately, Roth Capital upgraded Verano to a "strong-buy" rating in a research report on Sunday, November 10th.
Get Our Latest Report on VRNOF
Verano Stock 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 stock's 50-day simple moving average is $1.26 and its 200-day simple moving average is $2.47. The stock has a market cap of $430.74 million, a price-to-earnings ratio of -2.93 and a beta of 0.90.
Verano (OTCMKTS:VRNOF - Get Free Report) last issued its quarterly earnings results on Thursday, November 7th. The company reported ($0.12) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.03) by ($0.09). The company had revenue of $216.68 million for the quarter, compared to analyst estimates of $226.64 million. Verano had a negative return on equity of 7.48% and a negative net margin of 16.31%. Analysts forecast that Verano Holdings Corp. will post -0.18 earnings per share for the current fiscal 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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