Ascend Wellness (OTC:AAWH) Issues Earnings Results

Ascend Wellness (OTC:AAWH) released its quarterly earnings results on Monday. The company reported ($0.10) EPS for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.03), Yahoo Finance reports. Ascend Wellness had a negative return on equity of 31.72% and a negative net margin of 8.76%. The firm had revenue of $141.54 million for the quarter, compared to analyst estimates of $145.48 million.

Ascend Wellness Stock Performance

OTC:AAWH opened at $0.93 on Wednesday. The company has a debt-to-equity ratio of 2.13, a current ratio of 2.24 and a quick ratio of 1.21. Ascend Wellness has a 12 month low of $0.46 and a 12 month high of $1.82. The firm has a market capitalization of $197.84 million, a PE ratio of -4.04 and a beta of 1.74. The business’s fifty day moving average price is $0.94 and its 200 day moving average price is $1.20.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on AAWH. Needham & Company LLC reaffirmed a “hold” rating on shares of Ascend Wellness in a research report on Tuesday, May 7th. Ventum Cap Mkts raised Ascend Wellness to a “strong-buy” rating in a report on Tuesday, July 16th.

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.