Ascend Wellness (OTC:AAWH) Trading Down 3.2% – Here’s What Happened

Ascend Wellness Holdings, Inc. (OTC:AAWH) traded down 3.2% during mid-day trading on Wednesday . The company traded as low as $0.42 and last traded at $0.43. 63,845 shares were traded during trading, a decline of 69% from the average session volume of 204,309 shares. The stock had previously closed at $0.44.

Ascend Wellness Price Performance

The company’s 50 day simple moving average is $0.47 and its 200 day simple moving average is $0.77. The company has a debt-to-equity ratio of 2.61, a current ratio of 1.47 and a quick ratio of 0.80. The stock has a market cap of $92.18 million, a P/E ratio of -1.05 and a beta of 1.34.

Ascend Wellness (OTC:AAWH) last issued its quarterly earnings data on Tuesday, November 12th. The company reported ($0.13) EPS for the quarter, missing the consensus estimate of ($0.10) by ($0.03). Ascend Wellness had a negative return on equity of 72.18% and a negative net margin of 15.47%. The business had revenue of $141.65 million for the quarter, compared to analyst estimates of $144.13 million. As a group, equities analysts forecast that Ascend Wellness Holdings, Inc. will post -0.37 earnings per share for the current 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.