Verano (OTCMKTS:VRNOF) Shares Down 4.3%

Shares of Verano Holdings Corp. (OTCMKTS:VRNOFGet Free Report) fell 4.3% during trading on Monday . The company traded as low as $3.99 and last traded at $4.01. 121,860 shares traded hands during mid-day trading, a decline of 75% from the average session volume of 480,361 shares. The stock had previously closed at $4.19.

Analyst Upgrades and Downgrades

Separately, Needham & Company LLC reiterated a “buy” rating and issued a $7.00 price target on shares of Verano in a research note on Wednesday, May 8th.

View Our Latest Analysis on Verano

Verano Price Performance

The firm’s 50-day moving average is $5.15 and its two-hundred day moving average is $5.06. The company has a market cap of $1.38 billion, a P/E ratio of -12.53 and a beta of 1.49. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.01 and a quick ratio of 0.61.

Verano (OTCMKTS:VRNOFGet Free Report) last announced its quarterly earnings results on Wednesday, May 8th. The company reported ($0.01) earnings per share for the quarter, topping the consensus estimate of ($0.08) by $0.07. Verano had a negative net margin of 12.11% and a negative return on equity of 4.28%. The company had revenue of $221.31 million for the quarter, compared to analysts’ expectations of $215.71 million. Analysts anticipate that Verano Holdings Corp. will post -0.14 earnings per share for the current year.

About Verano

(Get Free Report)

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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