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 released on Sunday,Zacks.com reports.

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

Verano Stock Up 24.2 %

Verano stock opened at $1.90 on Friday. The stock has a market capitalization of $678.16 million, a price-to-earnings ratio of -4.63 and a beta of 1.21. The company has a current ratio of 0.99, a quick ratio of 0.52 and a debt-to-equity ratio of 0.39. The stock has a 50 day moving average of $3.21 and a two-hundred day moving average of $3.75. Verano has a twelve month low of $1.42 and a twelve month high of $7.08.

Verano (OTCMKTS:VRNOF) last issued its quarterly earnings results on Thursday, November 7th. The company reported ($0.12) earnings per share for the quarter, missing the consensus estimate of ($0.03) by ($0.09). The company had revenue of $216.68 million for the quarter, compared to analyst estimates of $226.64 million. Verano had a negative return on equity of 7.48% and a negative net margin of 16.31%. As a group, research analysts expect that Verano will post -0.18 earnings per share for the current year.

Verano Company Profile

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.