Verano (OTCMKTS:VRNOF) Shares Down 0.3% – Here’s What Happened

Shares of Verano Holdings Corp. (OTCMKTS:VRNOF) traded down 0.3% during trading on Tuesday . The stock traded as low as $1.14 and last traded at $1.19. 200,755 shares changed hands during mid-day trading, a decline of 40% from the average session volume of 337,032 shares. The stock had previously closed at $1.19.

Analyst Upgrades and Downgrades

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

Verano Trading Down 0.3 %

The firm has a market capitalization of $425.47 million, a P/E ratio of -2.89 and a beta of 0.89. The company has a quick ratio of 0.52, a current ratio of 0.99 and a debt-to-equity ratio of 0.39. The firm has a 50 day moving average of $1.43 and a 200-day moving average of $2.79.

Verano (OTCMKTS:VRNOF) last released its earnings results on Thursday, November 7th. The company reported ($0.12) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.09). The company had revenue of $216.68 million for the quarter, compared to the consensus estimate of $226.64 million. Verano had a negative net margin of 16.31% and a negative return on equity of 7.48%. On average, equities research analysts predict that Verano Holdings Corp. 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.