Cresco Labs (OTCMKTS:CRLBF – Get Free Report) is anticipated to post its quarterly earnings results before the market opens on Tuesday, March 11th. Analysts expect Cresco Labs to post earnings of ($0.01) per share and revenue of $172.10 million for the quarter.
Cresco Labs Stock Down 7.0 %
Shares of OTCMKTS:CRLBF opened at $0.82 on Tuesday. The stock’s 50-day moving average price is $0.91 and its 200-day moving average price is $1.26. Cresco Labs has a 12-month low of $0.78 and a 12-month high of $2.60. The stock has a market capitalization of $400.27 million, a P/E ratio of -4.10 and a beta of 1.79. The company has a current ratio of 1.97, a quick ratio of 1.39 and a debt-to-equity ratio of 1.80.
Analyst Ratings Changes
A number of research analysts have recently issued reports on the company. Cormark cut Cresco Labs from a “moderate buy” rating to a “hold” rating in a research note on Monday, November 11th. Atb Cap Markets cut Cresco Labs from a “strong-buy” rating to a “hold” rating in a research note on Monday, December 9th. Finally, Roth Capital upgraded shares of Cresco Labs to a “strong-buy” rating in a report on Sunday, November 10th. Four 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’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $2.50.
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.
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