Verano (OTCMKTS:VRNOF) Upgraded to “Strong-Buy” at Roth Capital

Roth Capital upgraded shares of Verano (OTCMKTS:VRNOF) to a strong-buy rating in a research note published on Sunday morning,Zacks.com reports.

Separately, Ventum Cap Mkts upgraded shares of Verano to a “strong-buy” rating in a report on Tuesday, July 30th.

Verano Price Performance

Verano stock traded down $0.41 during mid-day trading on Friday, reaching $1.53. 2,124,265 shares of the company were exchanged, compared to its average volume of 444,185. The firm has a market cap of $546.10 million, a PE ratio of -3.73 and a beta of 1.21. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.99 and a quick ratio of 0.52. The company has a fifty day simple moving average of $3.21 and a 200-day simple moving average of $3.75. Verano has a 12 month low of $1.42 and a 12 month high of $7.08.

Verano (OTCMKTS:VRNOF) last released its earnings results 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 net margin of 16.31% and a negative return on equity of 7.48%. The firm had revenue of $216.68 million during the quarter, compared to the consensus estimate of $226.64 million. As a group, equities research analysts expect that Verano will post -0.18 earnings per share for the current fiscal 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.