MariMed (OTCMKTS:MRMD) Shares Down 4.5% – Here’s Why

MariMed Inc. (OTCMKTS:MRMD)’s share price traded down 4.5% during mid-day trading on Monday . The stock traded as low as $0.14 and last traded at $0.15. 414,309 shares changed hands during mid-day trading, a decline of 9% from the average session volume of 456,366 shares. The stock had previously closed at $0.16.

Wall Street Analyst Weigh In

Separately, Ventum Cap Mkts raised MariMed to a “strong-buy” rating in a report on Thursday, August 8th.

MariMed Trading Down 4.5 %

The company has a 50-day simple moving average of $0.18 and a 200-day simple moving average of $0.21. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.73 and a current ratio of 1.55. The stock has a market cap of $56.95 million, a P/E ratio of -3.75 and a beta of 2.80.

MariMed Company Profile

MariMed Inc engages in cultivation, production, and dispensing of medicinal and recreational cannabis in the United States and internationally. The company sells flowers and concentrates under the Nature's Heritage brand; and soft and chewy baked goods and a hot chocolate mix under Bubby's Baked brand; and drink mix under Vibations brand.