Ayr Wellness (OTCMKTS:AYRWF) Cut to Strong Sell at Atb Cap Markets

Atb Cap Markets lowered shares of Ayr Wellness (OTCMKTS:AYRWF) from a hold rating to a strong sell rating in a research note released on Wednesday morning,Zacks.com reports.

Several other analysts have also weighed in on the stock. Roth Mkm lowered their price objective on shares of Ayr Wellness from $3.50 to $3.00 and set a “buy” rating for the company in a research note on Thursday. Roth Capital raised shares of Ayr Wellness to a “strong-buy” rating in a research note on Friday, November 8th.

Ayr Wellness Stock Performance

Shares of AYRWF opened at $0.77 on Wednesday. The firm’s fifty day simple moving average is $1.82 and its two-hundred day simple moving average is $2.00. Ayr Wellness has a 12 month low of $0.71 and a 12 month high of $4.09. The company has a current ratio of 1.75, a quick ratio of 0.67 and a debt-to-equity ratio of 0.70. The stock has a market capitalization of $87.90 million, a P/E ratio of -0.35 and a beta of 2.00.

About Ayr Wellness

Ayr Wellness Inc operates as a vertically-integrated multi-state cannabis operator that cultivates, manufactures, and retails cannabis products and branded cannabis packaged goods. It owns and operates a chain of cannabis retail stores under AYR, Liberty Health Sciences, and The Dispensary brand names.