Cresco Labs Inc. (OTCMKTS:CRLBF) Given Consensus Rating of “Buy” by Analysts

Shares of Cresco Labs Inc. (OTCMKTS:CRLBF) have been assigned a consensus recommendation of “Buy” from the four brokerages that are covering the company, MarketBeat.com reports. Two investment analysts have rated the stock with a hold recommendation and two have assigned a strong buy recommendation to the company.

Several equities analysts have recently commented on CRLBF shares. Cormark upgraded shares of Cresco Labs from a “hold” rating to a “moderate buy” rating in a research report on Monday, March 17th. Canaccord Genuity Group cut shares of Cresco Labs from a “strong-buy” rating to a “moderate buy” rating in a research note on Tuesday, June 3rd.

Cresco Labs Stock Down 2.1%

Shares of CRLBF opened at $0.50 on Tuesday. The company has a current ratio of 2.75, a quick ratio of 1.98 and a debt-to-equity ratio of 1.63. Cresco Labs has a 12 month low of $0.43 and a 12 month high of $2.05. The firm’s 50 day moving average is $0.64 and its 200-day moving average is $0.75. The stock has a market capitalization of $245.71 million, a PE ratio of -2.09 and a beta of 1.40.

Cresco Labs (OTCMKTS:CRLBF) last issued its quarterly earnings results on Friday, May 30th. The company reported ($0.04) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.01). The company had revenue of $165.76 million for the quarter, compared to analyst estimates of $164.37 million. Cresco Labs had a negative return on equity of 21.77% and a negative net margin of 11.86%. Equities research analysts forecast that Cresco Labs will post -0.2 EPS for the current year.

About Cresco Labs

Cresco Labs Inc, together with its subsidiaries, cultivates, manufactures, and sells retail and medical cannabis products in the United States. It provides cannabis in flowers, vape pens, live resins, disposable pens, and extracts under the Cresco brand; vape carts, vape pens, flower, popcorn, shake, pre-rolls, shorties, and concentrates under the High Supply brand; vapes and gummies under the Good News brand; vapes and edibles under the Wonder Wellness Co brand; and tinctures, capsules, salves, and sublingual oils under the Remedi brand.