Verano (OTCMKTS:VRNOF) Trading Down 0.8% – Should You Sell?

Verano Holdings Corp. (OTCMKTS:VRNOF) was down 0.8% during mid-day trading on Monday . The stock traded as low as $1.20 and last traded at $1.25. Approximately 718,982 shares were traded during mid-day trading, an increase of 52% from the average daily volume of 473,387 shares. The stock had previously closed at $1.26.

Analyst Upgrades and Downgrades

Separately, Roth Capital raised shares of Verano to a “strong-buy” rating in a report on Sunday, November 10th.

Verano Price Performance

The stock has a market capitalization of $448.43 million, a PE ratio of -3.05 and a beta of 0.87. The company has a current ratio of 0.99, a quick ratio of 0.52 and a debt-to-equity ratio of 0.39. The business has a fifty day moving average price of $2.16 and a 200-day moving average price of $3.07.

Verano (OTCMKTS:VRNOF) last posted its quarterly earnings results on Thursday, November 7th. The company reported ($0.12) EPS 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 for the quarter, compared to analysts’ expectations of $226.64 million. Research analysts expect that Verano Holdings Corp. will post -0.18 EPS 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.