Ascend Wellness (OTC:AAWH) Trading Up 2.9% – Still a Buy?

Ascend Wellness Holdings, Inc. (OTC:AAWH)’s share price was up 2.9% on Tuesday . The stock traded as high as $0.44 and last traded at $0.43. Approximately 123,729 shares changed hands during mid-day trading, a decline of 48% from the average daily volume of 236,346 shares. The stock had previously closed at $0.42.

Ascend Wellness Trading Down 9.4 %

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 business has a 50-day moving average price of $0.59 and a two-hundred day moving average price of $0.82. The firm has a market cap of $90.49 million, a PE ratio of -1.03 and a beta of 1.37.

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

Ascend Wellness Company Profile

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.