Glass House Brands (NYSE:GLAS) Upgraded to “Sell” at Wall Street Zen

Glass House Brands (NYSE:GLAS) was upgraded by equities research analysts at Wall Street Zen to a “sell” rating in a report released on Sunday.

A number of other equities research analysts have also recently weighed in on GLAS. Weiss Ratings began coverage on Glass House Brands in a research note on Wednesday, July 1st. They issued a “sell (d+)” rating on the stock. Zacks Research raised shares of Glass House Brands from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, June 30th. One research analyst has rated the stock with a Strong Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy”.

Glass House Brands Stock Performance

NYSE:GLAS traded up $0.06 on Friday, hitting $11.67. The company’s stock had a trading volume of 213,418 shares, compared to its average volume of 245,842. Glass House Brands has a one year low of $4.55 and a one year high of $13.93.

Glass House Brands Inc is a vertically integrated cannabis company focused on the cultivation, manufacturing, and distribution of cannabis products in California. The company operates greenhouse and processing facilities and serves both the medical and adult-use cannabis markets through its branded product portfolio and wholesale channels.

Its business includes growing cannabis, producing finished goods, and selling flower, pre-rolls, and other cannabis products under its own brands as well as through third-party partnerships.