Verano (OTCMKTS:VRNOF) Stock Price Down 0.8% - Time to Sell?

Verano Holdings Corp. (OTCMKTS:VRNOF - Get Free Report)'s stock price dropped 0.8% during mid-day trading on Monday . The stock traded as low as $1.20 and last traded at $1.25. Approximately 718,982 shares traded hands during trading, an increase of 52% from the average daily volume of 473,387 shares. The stock had previously closed at $1.26.

Analyst Upgrades and Downgrades

Separately, Roth Capital upgraded Verano to a "strong-buy" rating in a report on Sunday, November 10th.

Verano Trading Up 2.4 %

The company has a debt-to-equity ratio of 0.39, a current ratio of 0.99 and a quick ratio of 0.52. The firm has a market capitalization of $459.20 million, a PE ratio of -3.12 and a beta of 0.87. The firm's fifty day moving average is $2.12 and its two-hundred day moving average is $3.06.

Verano (OTCMKTS:VRNOF - Get Free Report) last released its earnings results on Thursday, November 7th. The company reported ($0.12) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.03) by ($0.09). The business had revenue of $216.68 million during 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, equities analysts predict that Verano Holdings Corp. will post -0.18 EPS 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, Connecticut, Florida, Illinois, Maryland, Massachusetts, Michigan, Nevada, New Jersey, Ohio, Pennsylvania, and West Virginia.