Verano (OTCMKTS:VRNOF) Rating Increased to Strong-Buy at Roth Capital

Verano (OTCMKTS:VRNOF) was upgraded by equities researchers at Roth Capital to a “strong-buy” rating in a research report issued to clients and investors on Sunday,Zacks.com reports.

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

Verano Price Performance

Verano stock traded down $0.40 during trading hours on Friday, hitting $1.53. 2,124,265 shares of the company traded hands, compared to its average volume of 444,185. The firm’s 50-day simple moving average is $3.21 and its two-hundred day simple moving average is $3.75. The firm has a market cap of $546.10 million, a P/E ratio of -3.73 and a beta of 1.21. Verano has a 1-year low of $1.42 and a 1-year high of $7.08. The company has a quick ratio of 0.52, a current ratio of 0.99 and a debt-to-equity ratio of 0.39.

Verano (OTCMKTS:VRNOF) last posted its quarterly earnings data on Thursday, November 7th. The company reported ($0.12) EPS for the quarter, missing analysts’ consensus estimates 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 firm had revenue of $216.68 million during the quarter, compared to the consensus estimate of $226.64 million. As a group, analysts forecast that Verano will post -0.18 earnings per share for the current fiscal year.

Verano Company Profile

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.