Cresco Labs (OTCMKTS:CRLBF) Upgraded by Cormark to Moderate Buy Rating

Cresco Labs (OTCMKTS:CRLBF) was upgraded by stock analysts at Cormark from a “hold” rating to a “moderate buy” rating in a research report issued to clients and investors on Monday,Zacks.com reports.

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

Cresco Labs Stock Performance

Shares of CRLBF opened at $0.71 on Monday. The company’s 50 day moving average price is $0.88 and its 200 day moving average price is $1.19. Cresco Labs has a 52 week low of $0.70 and a 52 week high of $2.60. The company has a market capitalization of $344.14 million, a PE ratio of -3.53 and a beta of 1.79. The company has a debt-to-equity ratio of 1.80, a quick ratio of 1.39 and a current ratio of 1.97.

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