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

Ascend Wellness (OTC:AAWHGet Free Report) 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

(Get Free Report)

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.

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