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

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

Analysts Set New Price Targets

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

Verano Trading Up 2.4 %

The firm has a 50 day moving average of $2.08 and a 200 day moving average of $3.04. The firm has a market cap of $459.20 million, a PE ratio of -3.12 and a beta of 0.88. 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 results on Thursday, November 7th. The company reported ($0.12) earnings per share 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 firm had revenue of $216.68 million for the quarter, compared to the consensus estimate of $226.64 million. Equities analysts anticipate that Verano Holdings Corp. will post -0.18 earnings per share for the current 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.