Ascend Wellness (OTC:AAWH) Shares Down 16.7% - What's Next?

Ascend Wellness Holdings, Inc. (OTC:AAWH - Get Free Report) shares traded down 16.7% on Monday . The stock traded as low as $0.48 and last traded at $0.50. 660,835 shares traded hands during mid-day trading, an increase of 492% from the average session volume of 111,695 shares. The stock had previously closed at $0.60.

Wall Street Analyst Weigh In

Separately, Ventum Cap Mkts raised Ascend Wellness to a "strong-buy" rating in a report on Tuesday, July 16th.

Ascend Wellness Trading Down 16.7 %

The company has a debt-to-equity ratio of 2.46, a current ratio of 2.29 and a quick ratio of 1.29. The company has a fifty day moving average of $0.85 and a 200-day moving average of $0.97. The firm has a market capitalization of $107.14 million, a PE ratio of -1.51 and a beta of 1.69.

About Ascend Wellness

Ascend Wellness Holdings, Inc engages in the cultivation, manufacture, and distribution of cannabis consumer packaged goods in the United States. The company offers flower, pre-rolls, concentrates, vapes, edibles, tinctures, and other cannabis-related products under the Common Goods, SimplyHerb, Ozone, Ozone Reserve, Royale, Tunnel Vision, Miss Grass, Lowell Smokes, Edie Parker, 1906, and AiroPro brands.