Verano (OTCMKTS:VRNOF) Stock Price Down 4.4% – Time to Sell?

Shares of Verano Holdings Corp. (OTCMKTS:VRNOF) fell 4.4% on Wednesday . The company traded as low as $1.20 and last traded at $1.20. 997,012 shares were traded during mid-day trading, an increase of 128% from the average session volume of 438,061 shares. The stock had previously closed at $1.25.

Analyst Ratings Changes

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

Verano Trading Up 1.7 %

The company’s 50-day moving average is $1.26 and its 200 day moving average is $2.49. The company has a market cap of $430.74 million, a price-to-earnings ratio of -2.93 and a beta of 0.90. 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 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 analysts’ expectations of $226.64 million. Research analysts predict that Verano Holdings Corp. will post -0.18 EPS for the current 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.