Ascend Wellness (OTC:AAWH) Stock Price Down 0.6%

Ascend Wellness Holdings, Inc. (OTC:AAWH - Get Free Report) dropped 0.6% during trading on Thursday . The company traded as low as $0.85 and last traded at $0.89. Approximately 167,151 shares were traded during mid-day trading, a decline of 24% from the average daily volume of 218,549 shares. The stock had previously closed at $0.89.

Wall Street Analyst Weigh In

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

Ascend Wellness Price Performance

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 market capitalization of $188.27 million, a PE ratio of -3.85 and a beta of 1.72. The stock's 50 day simple moving average is $0.99 and its 200-day simple moving average is $1.08.

Ascend Wellness (OTC:AAWH - Get Free Report) last released its earnings results on Monday, August 5th. The company reported ($0.10) earnings per share for the quarter, missing analysts' consensus estimates of ($0.07) by ($0.03). Ascend Wellness had a negative return on equity of 50.77% and a negative net margin of 12.48%. The firm had revenue of $141.54 million for the quarter, compared to analysts' expectations of $145.48 million. As a group, equities analysts forecast that Ascend Wellness Holdings, Inc. will post -0.32 earnings per share for the current fiscal year.

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.