Ascend Wellness (OTC:AAWH) Trading 2.1% Higher

Shares of Ascend Wellness Holdings, Inc. (OTC:AAWH) were up 2.1% during mid-day trading on Wednesday . The company traded as high as $0.97 and last traded at $0.96. Approximately 34,950 shares traded hands during trading, a decline of 85% from the average daily volume of 229,313 shares. The stock had previously closed at $0.94.

Analyst Ratings Changes

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

Ascend Wellness Stock Up 2.1 %

The firm has a 50 day moving average price of $0.96 and a 200-day moving average price of $1.13. The firm has a market cap of $204.22 million, a price-to-earnings ratio of -4.17 and a beta of 1.74. The company has a debt-to-equity ratio of 2.46, a current ratio of 2.29 and a quick ratio of 1.29.

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