Cresco Labs (OTCMKTS:CRLBF) Raised to Strong-Buy at Roth Capital

Cresco Labs (OTCMKTS:CRLBF) was upgraded by Roth Capital to a “strong-buy” rating in a research report issued to clients and investors on Sunday,Zacks.com reports.

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

Cresco Labs Price Performance

CRLBF opened at $1.04 on Friday. The company has a debt-to-equity ratio of 1.76, a quick ratio of 1.30 and a current ratio of 2.00. The stock has a market capitalization of $507.67 million, a PE 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 company’s 50 day simple moving average is $1.60 and its 200 day simple moving average is $1.72.

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

Cresco Labs Company Profile

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.