Verano (OTCMKTS:VRNOF) Shares Down 1.7%

Shares of Verano Holdings Corp. (OTCMKTS:VRNOF) fell 1.7% during mid-day trading on Friday . The stock traded as low as $5.06 and last traded at $5.15. 140,064 shares traded hands during mid-day trading, a decline of 65% from the average session volume of 395,949 shares. The stock had previously closed at $5.24.

Analyst Ratings Changes

Separately, Needham & Company LLC boosted their price target on shares of Verano from $6.00 to $7.00 and gave the company a “buy” rating in a report on Friday, March 1st.

Verano Stock Performance

The stock has a market capitalization of $1.77 billion, a price-to-earnings ratio of -15.15 and a beta of 1.49. The company has a current ratio of 0.96, a quick ratio of 0.62 and a debt-to-equity ratio of 0.39. The stock’s 50 day moving average is $5.32 and its two-hundred day moving average is $4.94.

Verano (OTCMKTS:VRNOF) last announced its earnings results on Friday, March 15th. The company reported ($0.07) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.02). The company had revenue of $237.19 million during the quarter, compared to analyst estimates of $233.22 million. Verano had a negative return on equity of 4.49% and a negative net margin of 12.50%. Analysts expect that Verano Holdings Corp. will post -0.2 earnings per share 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.