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

Shares of Cresco Labs Inc. (OTCMKTS:CRLBF) have been given a consensus rating of “Buy” by the four research firms that are presently covering the firm, Marketbeat Ratings reports. Two analysts have rated the stock with a hold recommendation and two have assigned a strong buy recommendation to the company.

Separately, Canaccord Genuity Group downgraded shares of Cresco Labs from a “strong-buy” rating to a “moderate buy” rating in a research report on Tuesday, June 3rd.

Cresco Labs Trading Up 6.8%

OTCMKTS:CRLBF opened at $0.64 on Friday. The company has a market cap of $314.94 million, a PE ratio of -2.67 and a beta of 1.40. The business’s 50 day moving average is $0.56 and its two-hundred day moving average is $0.71. The company has a quick ratio of 1.98, a current ratio of 2.75 and a debt-to-equity ratio of 1.63. Cresco Labs has a 52 week low of $0.43 and a 52 week high of $2.05.

Cresco Labs (OTCMKTS:CRLBF) last posted its quarterly earnings results on Friday, May 30th. The company reported ($0.04) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.03) by ($0.01). The firm had revenue of $165.76 million for the quarter, compared to analyst estimates of $164.37 million. Cresco Labs had a negative net margin of 11.86% and a negative return on equity of 21.77%. On average, analysts predict 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.