Shares of Verano Holdings Corp. (OTCMKTS:VRNOF – Get Free Report) shot up 2% during mid-day trading on Thursday . The company traded as high as $3.37 and last traded at $3.36. 240,976 shares traded hands during trading, a decline of 40% from the average session volume of 398,792 shares. The stock had previously closed at $3.29.
Analyst Ratings Changes
Separately, Ventum Cap Mkts raised Verano to a “strong-buy” rating in a research note on Tuesday, July 30th.
Check Out Our Latest Stock Analysis on Verano
Verano Price Performance
Verano (OTCMKTS:VRNOF – Get Free Report) last released its quarterly earnings data on Wednesday, August 7th. The company reported ($0.05) EPS for the quarter, hitting the consensus estimate of ($0.05). Verano had a negative return on equity of 4.87% and a negative net margin of 13.21%. The company had revenue of $222.39 million for the quarter, compared to the consensus estimate of $224.23 million. As a group, analysts expect that Verano Holdings Corp. will post -0.16 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.
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