Curaleaf (OTCMKTS:CURLF) Stock Price Down 5.9%

Shares of Curaleaf Holdings, Inc. (OTCMKTS:CURLF) dropped 5.9% during mid-day trading on Thursday . The company traded as low as $4.75 and last traded at $4.75. Approximately 328,666 shares changed hands during mid-day trading, a decline of 61% from the average daily volume of 839,750 shares. The stock had previously closed at $5.05.

Wall Street Analyst Weigh In

Separately, Needham & Company LLC lifted their price objective on Curaleaf from $4.25 to $5.25 and gave the company a “buy” rating in a research note on Thursday, March 7th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $4.13.

Curaleaf Stock Performance

The stock’s 50-day simple moving average is $4.98 and its 200 day simple moving average is $4.38. The company has a market capitalization of $3.05 billion, a PE ratio of -12.18 and a beta of 1.77. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.41 and a current ratio of 0.85.

Curaleaf (OTCMKTS:CURLF) last posted its earnings results on Wednesday, March 6th. The company reported ($0.01) EPS for the quarter, beating the consensus estimate of ($0.05) by $0.04. Curaleaf had a negative return on equity of 12.93% and a negative net margin of 20.77%. The firm had revenue of $345.27 million for the quarter, compared to analyst estimates of $336.64 million. As a group, research analysts expect that Curaleaf Holdings, Inc. will post -0.18 earnings per share for the current fiscal year.

Curaleaf Company Profile

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.