Ascend Wellness (OTC:AAWH) Stock Price Up 2.7% - What's Next?

Ascend Wellness Holdings, Inc. (OTC:AAWH - Get Free Report)'s share price traded up 2.7% during mid-day trading on Thursday . The company traded as high as $0.38 and last traded at $0.37. 181,403 shares changed hands during mid-day trading, an increase of 18% from the average session volume of 153,118 shares. The stock had previously closed at $0.36.

Ascend Wellness Stock Performance

The stock has a market cap of $72.91 million, a price-to-earnings ratio of -0.83 and a beta of 1.32. The company has a quick ratio of 0.80, a current ratio of 1.47 and a debt-to-equity ratio of 2.61. The company has a 50 day simple moving average of $0.40 and a 200 day simple moving average of $0.71.

Ascend Wellness (OTC:AAWH - Get Free Report) last issued its quarterly earnings data on Tuesday, November 12th. The company reported ($0.13) EPS for the quarter, missing the consensus estimate of ($0.10) by ($0.03). The company had revenue of $141.65 million during the quarter, compared to the consensus estimate of $144.13 million. Ascend Wellness had a negative net margin of 15.47% and a negative return on equity of 72.18%. As a group, equities research analysts forecast that Ascend Wellness Holdings, Inc. will post -0.4 EPS for the current year.

Ascend Wellness Company Profile

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.