Cresco Labs (OTCMKTS:CRLBF) Stock Price Down 1%

Cresco Labs Inc. (OTCMKTS:CRLBF)’s stock price was down 1% on Monday . The stock traded as low as $1.92 and last traded at $1.98. Approximately 433,957 shares were traded during trading, a decline of 53% from the average daily volume of 921,794 shares. The stock had previously closed at $2.00.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on CRLBF. Echelon Wealth Partners upgraded shares of Cresco Labs from a “hold” rating to a “buy” rating in a report on Wednesday, March 13th. Roth Mkm increased their price objective on Cresco Labs from $1.75 to $2.00 and gave the company a “neutral” rating in a research report on Thursday, March 14th.

Cresco Labs Trading Up 2.5 %

The company has a current ratio of 1.39, a quick ratio of 0.85 and a debt-to-equity ratio of 1.55. The stock has a market cap of $711.98 million, a price-to-earnings ratio of -3.72 and a beta of 2.29. The company has a fifty day simple moving average of $1.94 and a 200-day simple moving average of $1.77.

Cresco Labs (OTCMKTS:CRLBF) last issued its quarterly earnings results on Friday, March 15th. The company reported $0.01 EPS for the quarter, beating the consensus estimate of ($0.02) by $0.03. Cresco Labs had a negative net margin of 22.77% and a negative return on equity of 10.51%. The business had revenue of $188.24 million during the quarter, compared to the consensus estimate of $181.36 million. On average, research analysts forecast that Cresco Labs Inc. will post -0.07 earnings per share 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.