Ascend Wellness (OTC:AAWH) Posts Earnings Results, Misses Expectations By $0.03 EPS

Ascend Wellness (OTC:AAWH) announced its earnings results on Tuesday. The company reported ($0.13) earnings per share for the quarter, missing the consensus estimate of ($0.10) by ($0.03), Zacks reports. Ascend Wellness had a negative return on equity of 66.28% 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.

Ascend Wellness Price Performance

Shares of OTC:AAWH remained flat at $0.56 during midday trading on Thursday. The company had a trading volume of 711,891 shares, compared to its average volume of 211,308. Ascend Wellness has a 12-month low of $0.45 and a 12-month high of $1.82. The stock has a market capitalization of $120.02 million, a PE ratio of -1.37 and a beta of 1.69. The company has a current ratio of 2.29, a quick ratio of 1.29 and a debt-to-equity ratio of 2.46. The firm’s fifty day moving average is $0.84 and its 200-day moving average is $0.96.

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.