Cresco Labs (OTCMKTS:CRLBF) Stock Rating Upgraded by Roth Capital

Roth Capital upgraded shares of Cresco Labs (OTCMKTS:CRLBF) to a strong-buy rating in a research note published on Sunday,Zacks.com reports.

Several other analysts also recently issued reports on the stock. Needham & Company LLC reissued a “hold” rating on shares of Cresco Labs in a research note on Monday, August 12th. Ventum Cap Mkts raised shares of Cresco Labs to a “strong-buy” rating in a research note on Friday, August 9th. Two equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Buy” and an average price target of $2.50.

Cresco Labs Stock Down 16.1 %

Shares of OTCMKTS CRLBF opened at $1.04 on Friday. The company has a debt-to-equity ratio of 1.76, a current ratio of 2.00 and a quick ratio of 1.30. The company has a market cap of $507.67 million, a P/E ratio of -5.20 and a beta of 1.88. Cresco Labs has a 1 year low of $1.02 and a 1 year high of $2.65. The firm has a 50-day simple moving average of $1.60 and a two-hundred day simple moving average of $1.72.

Cresco Labs (OTCMKTS:CRLBF) last announced its quarterly earnings data on Friday, November 8th. The company reported ($0.02) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.01) by ($0.01). The firm had revenue of $179.78 million during the quarter, compared to the consensus estimate of $185.23 million. Cresco Labs had a negative return on equity of 17.03% and a negative net margin of 23.07%. Research analysts anticipate that Cresco Labs will post -0.15 earnings per share for the current year.

About Cresco Labs

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.