Ascend Wellness (OTC:AAWH) Trading Up 2.9% – Here’s Why

Ascend Wellness Holdings, Inc. (OTC:AAWH)’s stock price rose 2.9% on Tuesday . The company traded as high as $0.44 and last traded at $0.43. Approximately 123,729 shares changed hands during trading, a decline of 48% from the average daily volume of 236,346 shares. The stock had previously closed at $0.42.

Ascend Wellness Stock Up 2.9 %

The company has a current ratio of 1.47, a quick ratio of 0.80 and a debt-to-equity ratio of 2.61. The company has a market capitalization of $91.68 million, a P/E ratio of -1.04 and a beta of 1.37. The firm’s 50 day moving average price is $0.61 and its two-hundred day moving average price is $0.83.

Ascend Wellness (OTC:AAWH) last released its earnings results on Tuesday, November 12th. The company reported ($0.13) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.10) by ($0.03). The business 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%. Equities research analysts forecast that Ascend Wellness Holdings, Inc. will post -0.37 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.