Verano (OTCMKTS:VRNOF – Get Free Report) released its quarterly earnings results on Thursday. The company reported ($0.04) EPS for the quarter, hitting analysts’ consensus estimates of ($0.04), Zacks reports. Verano had a negative net margin of 16.31% and a negative return on equity of 7.48%.
Verano Price Performance
VRNOF stock traded up $0.03 during trading hours on Thursday, hitting $0.90. 141,389 shares of the stock traded hands, compared to its average volume of 529,070. The stock has a 50-day simple moving average of $1.18 and a 200 day simple moving average of $2.23. The company has a market cap of $323.06 million, a P/E ratio of -2.20 and a beta of 0.90. Verano has a one year low of $0.85 and a one year high of $6.50. The company has a current ratio of 0.99, a quick ratio of 0.52 and a debt-to-equity ratio of 0.39.
Analyst Ratings Changes
Separately, Roth Capital upgraded shares of Verano to a “strong-buy” rating in a research note on Sunday, November 10th.
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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