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

Shares of Cresco Labs Inc. (OTCMKTS:CRLBF) have received a consensus rating of “Moderate Buy” from the seven brokerages that are currently covering the stock, Marketbeat.com reports. Three investment analysts have rated the stock with a hold rating, two have issued a buy rating and two have given a strong buy rating to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $2.50.

Several research firms have commented on CRLBF. Cormark lowered shares of Cresco Labs from a “moderate buy” rating to a “hold” rating in a research report on Monday, November 11th. Roth Capital upgraded Cresco Labs to a “strong-buy” rating in a research note on Sunday, November 10th. Needham & Company LLC reissued a “hold” rating on shares of Cresco Labs in a report on Monday, August 12th. Finally, Ventum Cap Mkts upgraded shares of Cresco Labs to a “strong-buy” rating in a report on Friday, August 9th.

Cresco Labs Price Performance

CRLBF opened at $1.09 on Monday. The company has a current ratio of 1.97, a quick ratio of 1.39 and a debt-to-equity ratio of 1.80. The business’s fifty day simple moving average is $1.53 and its 200-day simple moving average is $1.67. The company has a market capitalization of $533.29 million, a price-to-earnings ratio of -5.46 and a beta of 1.88. Cresco Labs has a 12-month low of $1.02 and a 12-month high of $2.65.

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.