Verano (OTCMKTS:VRNOF) Shares Down 5.6% – Defense World

Verano Holdings Corp. (OTCMKTS:VRNOFGet Free Report) shares dropped 5.6% during trading on Friday . The stock traded as low as $3.50 and last traded at $3.52. Approximately 373,399 shares traded hands during mid-day trading, a decline of 18% from the average daily volume of 456,182 shares. The stock had previously closed at $3.73.

Wall Street Analyst Weigh In

Separately, Needham & Company LLC reiterated a “buy” rating and set a $7.00 price target on shares of Verano in a research report on Wednesday, May 8th.

Read Our Latest Research Report on VRNOF

Verano Price Performance The firm has a market capitalization of $1.22 billion, a P/E ratio of -11.00 and a beta of 1.24. The company has a current ratio of 1.01, a quick ratio of 0.61 and a debt-to-equity ratio of 0.39. The business’s fifty day moving average is $4.26 and its 200 day moving average is $4.94.

Verano (OTCMKTS:VRNOFGet Free Report) last announced its earnings results on Wednesday, May 8th. The company reported ($0.01) EPS for the quarter, beating the consensus estimate of ($0.08) by $0.07. The business had revenue of $221.31 million during the quarter, compared to the consensus estimate of $215.71 million.

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