Cresco Labs (OTCMKTS:CRLBF) Stock Rating Lowered by Atb Cap Markets

Cresco Labs (OTCMKTS:CRLBFGet Free Report) was downgraded by Atb Cap Markets from a “strong-buy” rating to a “hold” rating in a report released on Monday,Zacks.com reports.

Several other equities analysts also recently commented on the company. Roth Capital raised Cresco Labs to a “strong-buy” rating in a research report on Sunday, November 10th. Cormark downgraded Cresco Labs from a “moderate buy” rating to a “hold” rating in a research report on Monday, November 11th. Finally, Needham & Company LLC reissued a “hold” rating on shares of Cresco Labs in a research report on Monday, August 12th. Four investment analysts have rated the stock with a hold rating, two have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $2.50.

View Our Latest Stock Report on Cresco Labs

Cresco Labs Stock Performance

Shares of Cresco Labs stock opened at $1.04 on Monday. The stock’s fifty day moving average is $1.39 and its two-hundred day moving average is $1.58. The company has a market capitalization of $507.67 million, a PE ratio of -5.20 and a beta of 1.73. The company has a quick ratio of 1.39, a current ratio of 1.97 and a debt-to-equity ratio of 1.80. Cresco Labs has a 52 week low of $1.02 and a 52 week high of $2.65.

Cresco Labs Company Profile

(Get Free Report)

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.

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Analyst Recommendations for Cresco Labs (OTCMKTS:CRLBF)

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