Verano (OTCMKTS:VRNOF – Get Free Report) announced its quarterly earnings results on Thursday. The company reported ($0.04) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.04), Zacks reports. Verano had a negative net margin of 16.31% and a negative return on equity of 7.48%.
Verano Trading Up 3.4 %
Shares of OTCMKTS:VRNOF traded up $0.03 during trading on Thursday, reaching $0.90. The stock had a trading volume of 141,389 shares, compared to its average volume of 529,070. Verano has a fifty-two week low of $0.85 and a fifty-two week high of $6.50. The business has a fifty day moving average price of $1.18 and a 200-day moving average price of $2.23. The stock has a market cap of $323.06 million, a P/E ratio of -2.20 and a beta of 0.90. The company has a quick ratio of 0.52, a current ratio of 0.99 and a debt-to-equity ratio of 0.39.
Analyst Ratings Changes
Separately, Roth Capital raised Verano to a “strong-buy” rating in a research note on Sunday, November 10th.
About Verano
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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