Cresco Labs Inc. (OTCMKTS:CRLBF – Get Free Report) dropped 1% during mid-day trading on Monday . The company traded as low as $1.92 and last traded at $1.98. Approximately 433,957 shares were traded during mid-day trading, a decline of 53% from the average daily volume of 921,794 shares. The stock had previously closed at $2.00.
Wall Street Analysts Forecast Growth
CRLBF has been the subject of a number of research analyst reports. Roth Mkm increased their price target on shares of Cresco Labs from $1.75 to $2.00 and gave the stock a “neutral” rating in a research report on Thursday, March 14th. Echelon Wealth Partners upgraded Cresco Labs from a “hold” rating to a “buy” rating in a report on Wednesday, March 13th.
Check Out Our Latest Stock Analysis on Cresco Labs
Cresco Labs Stock Down 1.0 %
The company has a debt-to-equity ratio of 1.55, a current ratio of 1.39 and a quick ratio of 0.85. The business has a fifty day moving average of $1.93 and a 200 day moving average of $1.77. The stock has a market cap of $684.33 million, a price-to-earnings ratio of -3.67 and a beta of 2.29.
Cresco Labs (OTCMKTS:CRLBF – Get Free Report) last announced its quarterly
