Cresco Labs (OTCMKTS:CRLBF) Raised to Moderate Buy at Cormark

Cresco Labs (OTCMKTS:CRLBF) was upgraded by equities researchers at Cormark from a “hold” rating to a “moderate buy” rating in a note issued to investors on Monday,Zacks.com reports.

Separately, Atb Cap Markets lowered shares of Cresco Labs from a “strong-buy” rating to a “hold” rating in a research note on Monday, December 9th. Two research analysts have rated the stock with a hold rating, one has issued a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of $3.00.

Cresco Labs Trading Down 0.8 %

OTCMKTS:CRLBF opened at $0.73 on Monday. Cresco Labs has a one year low of $0.70 and a one year high of $2.60. The company has a debt-to-equity ratio of 1.80, a current ratio of 1.97 and a quick ratio of 1.39. The company’s 50-day simple moving average is $0.88 and its 200 day simple moving average is $1.19. The firm has a market capitalization of $358.29 million, a P/E ratio of -3.67 and a beta of 1.79.

Cresco Labs (OTCMKTS:CRLBF) last posted its quarterly earnings data on Friday, March 14th. The company reported ($0.01) EPS for the quarter, hitting the consensus estimate of ($0.01). Cresco Labs had a negative net margin of 9.15% and a negative return on equity of 16.52%. The business had revenue of $176.00 million for the quarter, compared to analyst estimates of $172.10 million. As a group, analysts forecast that Cresco Labs will post -0.2 EPS for the current fiscal year.

Cresco Labs Company Profile

Cresco Labs Inc, together with its subsidiaries, cultivates, manufactures, and sells retail and medical cannabis products in the United States. It provides cannabis in flowers, vape pens, live resins, disposable pens, and extracts under the Cresco brand; vape carts, vape pens, flower, popcorn, shake, pre-rolls, shorties, and concentrates under the High Supply brand; vapes and gummies under the Good News brand; vapes and edibles under the Wonder Wellness Co brand; and tinctures, capsules, salves, and sublingual oils under the Remedi brand.