Glass House Brands (NYSE:GLAS) Raised to Sell at Wall Street Zen

Glass House Brands (NYSE:GLAS) was upgraded by research analysts at Wall Street Zen to a “sell” rating in a research note issued on Sunday.

GLAS has been the topic of several other reports. Zacks Research upgraded shares of Glass House Brands from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, June 30th. Weiss Ratings assumed coverage on shares of Glass House Brands in a research note on Wednesday, July 1st. They issued a “sell (d+)” rating on the stock. One research analyst has rated the stock with a Strong Buy rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Glass House Brands has a consensus rating of “Moderate Buy”.

Glass House Brands Price Performance

Shares of GLAS stock traded up $0.06 during mid-day trading on Friday, reaching $11.67. 213,418 shares of the stock traded hands, compared to its average volume of 245,842. Glass House Brands has a 1-year low of $4.55 and a 1-year high of $13.93.

Glass House Brands Inc is a vertically integrated cannabis company focused on the cultivation, manufacturing, and distribution of cannabis products in California. The company operates greenhouse and processing facilities and serves both the medical and adult-use cannabis markets through its branded product portfolio and wholesale channels.

Its business includes growing cannabis, producing finished goods, and selling flower, pre-rolls, and other cannabis products under its own brands as well as through third-party partnerships.