Verano Holdings Corp. (OTCMKTS:VRNOF – Get Free Report)’s share price dropped 5.1% during trading on Thursday . The stock traded as low as $5.81 and last traded at $5.94. Approximately 231,091 shares were traded during trading, a decline of 43% from the average daily volume of 406,398 shares. The stock had previously closed at $6.26.
Analysts Set New Price Targets
Separately, Needham & Company LLC increased their price target on Verano from $6.00 to $7.00 and gave the stock a “buy” rating in a research report on Friday, March 1st.
View Our Latest Research Report on Verano
Verano Stock Performance
The firm has a 50 day simple moving average of $5.62 and a 200-day simple moving average of $4.79. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.96 and a quick ratio of 0.62. The company has a market cap of $2.04 billion, a price-to-earnings ratio of -17.47 and a beta of 1.55.
Verano (OTCMKTS:VRNOF – Get Free Report) last issued its quarterly earnings data on Friday, March 15th. The company reported ($0.07) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.02). Verano had a negative net margin of 12.50% and a negative return on equity
