Verano (OTCMKTS:VRNOF) Raised to “Strong-Buy” at Roth Capital

Roth Capital upgraded shares of Verano (OTCMKTS:VRNOF) to a strong-buy rating in a research report sent to investors on Sunday morning,Zacks.com reports.

Separately, Ventum Cap Mkts upgraded shares of Verano to a “strong-buy” rating in a report on Tuesday, July 30th.

Verano Stock Down 20.9 %

OTCMKTS:VRNOF traded down $0.41 on Friday, hitting $1.53. The stock had a trading volume of 2,124,265 shares, compared to its average volume of 444,185. Verano has a 1 year low of $1.42 and a 1 year high of $7.08. The firm’s fifty day simple moving average is $3.21 and its two-hundred day simple moving average is $3.75. The stock has a market cap of $546.10 million, a P/E ratio of -3.73 and a beta of 1.21. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.52 and a current ratio of 0.99.

Verano (OTCMKTS:VRNOF) last posted its quarterly earnings data on Thursday, November 7th. The company reported ($0.12) earnings per share for the quarter, missing the consensus estimate of ($0.03) by ($0.09). Verano had a negative return on equity of 7.48% and a negative net margin of 16.31%. The business had revenue of $216.68 million during the quarter, compared to analysts’ expectations of $226.64 million. Analysts predict that Verano will post -0.18 earnings per share for the current 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.