Curaleaf (OTCMKTS:CURLF) Trading Up 8.2% – Here’s What Happened

Curaleaf Holdings, Inc. (OTCMKTS:CURLF) was up 8.2% on Tuesday . The company traded as high as $2.77 and last traded at $2.77. Approximately 84,104 shares traded hands during trading, a decline of 89% from the average daily volume of 779,414 shares. The stock had previously closed at $2.5610.

Analysts Set New Price Targets

Several analysts have issued reports on CURLF shares. Canaccord Genuity Group raised Curaleaf to a “strong-buy” rating in a research note on Thursday, October 9th. ATB Capital raised shares of Curaleaf to an “outperform” rating in a research note on Tuesday, December 2nd. Finally, Atb Cap Markets upgraded Curaleaf from a “hold” rating to a “strong-buy” rating in a report on Tuesday, December 2nd. Two investment analysts have rated the stock with a Strong Buy rating and one has assigned a Buy rating to the stock. Based on data from MarketBeat.com, Curaleaf currently has an average rating of “Strong Buy”.

Curaleaf Trading Up 6.3%

The company has a quick ratio of 0.71, a current ratio of 1.47 and a debt-to-equity ratio of 0.96. The company has a market capitalization of $1.85 billion, a PE ratio of -8.51 and a beta of 0.77. The stock’s fifty day moving average price is $2.70 and its two-hundred day moving average price is $2.07.

Curaleaf (OTCMKTS:CURLF) last released its quarterly earnings results on Wednesday, November 5th. The company reported ($0.06) EPS for the quarter, beating analysts’ consensus estimates of ($0.07) by $0.01. Curaleaf had a negative return on equity of 15.57% and a negative net margin of 19.50%. Sell-side analysts anticipate that Curaleaf Holdings, Inc. will post -0.25 earnings per share for the current year.

About Curaleaf

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.