Cresco Labs Inc (OTCMKTS:CRLBF) was down 6.6% during trading on Friday . The stock traded as low as $5.46 and last traded at $5.53, approximately 336,648 shares changed hands during mid-day trading. An increase of 26% from the average daily volume of 267,181 shares. The stock had previously closed at $5.92.
Several equities research analysts recently commented on CRLBF shares. Cowen started coverage on shares of Cresco Labs in a report on Friday, September 13th. They issued an “outperform” rating and a $14.00 price target for the company. Piper Jaffray Companies started coverage on shares of Cresco Labs in a report on Monday, August 12th. They issued an “overweight” rating and a $11.00 price target for the company.
The firm’s fifty day moving average is $6.13 and its 200 day moving average is $8.71.
Cresco Labs Inc cultivates, manufactures, and sells medical cannabis and medical cannabis products in the United States. It offers cannabis in flower, vape pens, and various forms of extracts under the cresco and Reserve brands; precisely-dosed and non-combustible products, including tinctures, capsules, salves, sublingual oils, and transdermal patches under the Remedi brand; culinary-backed and cannabis-infused edibles under the Mindy's Artisanal brand; and fruity confections under the Mindy's Kitchen brand.
See Also: Profit Margin
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