Cresco Labs (OTCMKTS:CRLBF) Trading Down 1%

Cresco Labs Inc. (OTCMKTS:CRLBF) shares traded down 1% on Monday . The company traded as low as $1.92 and last traded at $1.98. 433,957 shares changed hands during trading, a decline of 53% from the average session volume of 921,794 shares. The stock had previously closed at $2.00.

Analysts Set New Price Targets

CRLBF has been the topic of a number of research analyst reports. Echelon Wealth Partners upgraded shares of Cresco Labs from a “hold” rating to a “buy” rating in a research note on Wednesday, March 13th. Roth Mkm increased their price objective on Cresco Labs from $1.75 to $2.00 and gave the stock a “neutral” rating in a research note on Thursday, March 14th.

Cresco Labs Price Performance

The company has a market cap of $684.33 million, a PE ratio of -3.67 and a beta of 2.29. The company has a debt-to-equity ratio of 1.55, a current ratio of 1.39 and a quick ratio of 0.85. The stock’s 50-day moving average is $1.93 and its 200 day moving average is $1.77.

Cresco Labs (OTCMKTS:CRLBF) last issued its quarterly earnings data on Friday, March 15th. The company reported $0.01 EPS for the quarter, beating the consensus estimate of ($0.02) by $0.03. Cresco Labs had a negative return on equity of 10.51% and a negative net margin of 22.77%. The firm had revenue of $188.24 million during the quarter, compared to analyst estimates of $181.36 million. On average, equities analysts anticipate that Cresco Labs Inc. will post -0.07 earnings per share for the current fiscal year.

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.