Ayr Wellness (OTCMKTS:AYRWF) Shares Down 2.4% – Here’s What Happened

Ayr Wellness Inc. (OTCMKTS:AYRWF)’s share price traded down 2.4% during trading on Friday . The company traded as low as $0.45 and last traded at $0.46. 473,238 shares traded hands during trading, an increase of 127% from the average session volume of 208,694 shares. The stock had previously closed at $0.47.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. Roth Mkm dropped their price objective on Ayr Wellness from $3.50 to $3.00 and set a “buy” rating on the stock in a research note on Thursday, November 14th. Roth Capital raised Ayr Wellness to a “strong-buy” rating in a research note on Friday, November 8th. Finally, Atb Cap Markets cut shares of Ayr Wellness from a “hold” rating to a “strong sell” rating in a report on Wednesday, November 13th.

Ayr Wellness Stock Performance

The stock has a market capitalization of $53.45 million, a P/E ratio of -0.21 and a beta of 1.64. The stock’s 50-day simple moving average is $0.47 and its 200 day simple moving average is $1.28. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.59 and a quick ratio of 0.58.

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.