Verano (OTCMKTS:VRNOF) Raised to "Strong-Buy" at Roth Capital

Roth Capital upgraded shares of Verano (OTCMKTS:VRNOF - Free Report) to a strong-buy rating in a research report report published on Sunday,Zacks.com reports.

Separately, Ventum Cap Mkts raised shares of Verano to a "strong-buy" rating in a research report on Tuesday, July 30th.

Verano Trading Up 24.2 %

Shares of VRNOF traded up $0.37 during trading hours on Friday, hitting $1.90. The company had a trading volume of 2,200,739 shares, compared to its average volume of 452,785. The firm has a market cap of $678.16 million, a P/E ratio of -4.63 and a beta of 1.21. Verano has a 52-week low of $1.42 and a 52-week high of $7.08. The company has a quick ratio of 0.52, a current ratio of 0.99 and a debt-to-equity ratio of 0.39. The stock's 50 day moving average price is $3.21 and its 200 day moving average price is $3.75.

Verano (OTCMKTS:VRNOF - Get Free Report) last announced 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 business had revenue of $216.68 million for the quarter, compared to the consensus estimate of $226.64 million. Verano had a negative net margin of 16.31% and a negative return on equity of 7.48%. On average, research analysts predict that Verano will post -0.18 EPS for the current 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, Connecticut, Florida, Illinois, Maryland, Massachusetts, Michigan, Nevada, New Jersey, Ohio, Pennsylvania, and West Virginia.