Verano (OTCMKTS:VRNOF) Trading Down 3.1%

Shares of Verano Holdings Corp. (OTCMKTS:VRNOF) fell 3.1% during mid-day trading on Friday . The stock traded as low as $3.11 and last traded at $3.15. 248,947 shares traded hands during trading, a decline of 40% from the average session volume of 415,142 shares. The stock had previously closed at $3.25.

Analyst Ratings Changes

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

Verano Price Performance

The company has a debt-to-equity ratio of 0.39, a current ratio of 0.99 and a quick ratio of 0.52. The company has a market cap of $1.12 billion, a PE ratio of -9.84 and a beta of 1.22. The company has a 50-day moving average price of $3.71 and a two-hundred day moving average price of $4.45.

Verano (OTCMKTS:VRNOF) last released its quarterly earnings results on Wednesday, August 7th. The company reported ($0.05) earnings per share for the quarter, hitting analysts’ consensus estimates of ($0.05). The firm had revenue of $222.39 million during the quarter, compared to analysts’ expectations of $224.23 million. Verano had a negative return on equity of 4.87% and a negative net margin of 13.21%. Sell-side analysts expect that Verano Holdings Corp. will post -0.16 earnings per share for the current fiscal year.

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.