Curaleaf (OTCMKTS:CURLF) Shares Gap Down – Here’s What Happened

Curaleaf Holdings, Inc. (OTCMKTS:CURLF) shares gapped down before the market opened on Monday . The stock had previously closed at $2.7301, but opened at $2.60. Curaleaf shares last traded at $2.70, with a volume of 54,454 shares traded.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the company. ATB Capital upgraded Curaleaf to an “outperform” rating in a report on Tuesday, December 2nd. Canaccord Genuity Group raised Curaleaf to a “strong-buy” rating in a research note on Thursday, October 9th. Finally, Atb Cap Markets upgraded shares of Curaleaf from a “hold” rating to a “strong-buy” rating in a report on Tuesday, December 2nd. Two analysts have rated the stock with a Strong Buy rating and one has given a Buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Strong Buy”.

Curaleaf Stock Performance

The company has a market cap of $1.83 billion, a price-to-earnings ratio of -8.44 and a beta of 0.77. The company has a quick ratio of 0.71, a current ratio of 1.47 and a debt-to-equity ratio of 0.96. The stock has a 50 day simple moving average of $2.70 and a 200 day simple moving average of $2.09.

Curaleaf (OTCMKTS:CURLF) last issued its quarterly earnings data on Wednesday, November 5th. The company reported ($0.06) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.07) by $0.01. Curaleaf had a negative net margin of 19.50% and a negative return on equity of 15.57%. As a group, analysts predict that Curaleaf Holdings, Inc. will post -0.25 EPS for the current year.

About Curaleaf

Curaleaf Holdings, Inc operates a cannabis operator in the United States. It operates through two segments, Domestic Operations and International Operations. The company offers flower, pre-rolls, flower pots, and dry-herb vaporizer cartridges; concentrates for vaporizing which includes pre-filled vaporizer cartridges and disposable vaporizer pens; and concentrates for dabbing, such as mints, distillate droppers, mints, topical balms and lotions, tinctures, lozenges, capsules, and edibles.