Curaleaf (OTCMKTS:CURLF) Rating Lowered to Hold at Atb Cap Markets

Curaleaf (OTCMKTS:CURLF) was downgraded by equities research analysts at Atb Cap Markets from a “strong-buy” rating to a “hold” rating in a research report issued to clients and investors on Thursday,Zacks.com reports.

Several other brokerages have also recently issued reports on CURLF. Canaccord Genuity Group upgraded shares of Curaleaf to a “strong-buy” rating in a research report on Thursday, October 9th. Cormark raised Curaleaf from a “hold” rating to a “moderate buy” rating in a research report on Friday, August 8th. Two equities research analysts have rated the stock with a Strong Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Buy”.

Curaleaf Stock Performance

Shares of CURLF stock opened at $2.67 on Thursday. The firm has a market capitalization of $1.79 billion, a price-to-earnings ratio of -8.33 and a beta of 0.71. The stock has a fifty day moving average of $2.85 and a 200 day moving average of $1.85. Curaleaf has a 52 week low of $0.68 and a 52 week high of $3.65. The company has a quick ratio of 0.70, a current ratio of 1.47 and a debt-to-equity ratio of 1.00.

Curaleaf (OTCMKTS:CURLF) last issued its quarterly earnings data on Wednesday, November 5th. The company reported ($0.06) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.07) by $0.01. Curaleaf had a negative net margin of 19.50% and a negative return on equity of 15.54%. As a group, research analysts expect that Curaleaf will post -0.25 earnings per share for the current year.

About Curaleaf

Curaleaf Holdings, Inc operates a cannabis operator in the United States. It operates through two segments, Domestic Operations and International Operations. The company offers flower, pre-rolls, flower pots, and dry-herb vaporizer cartridges; concentrates for vaporizing which includes pre-filled vaporizer cartridges and disposable vaporizer pens; and concentrates for dabbing, such as mints, distillate droppers, mints, topical balms and lotions, tinctures, lozenges, capsules, and edibles.