Ascend Wellness (OTC:AAWH) Announces Quarterly Earnings Results, Misses Estimates By $0.03 EPS

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

Ascend Wellness Stock Performance

Shares of AAWH stock traded down $0.18 during trading on Tuesday, reaching $0.89. The company had a trading volume of 581,870 shares, compared to its average volume of 230,966. The firm’s 50 day simple moving average is $0.94 and its two-hundred day simple moving average is $1.20. 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 one year low of $0.46 and a one year high of $1.82. The company has a market capitalization of $189.33 million, a PE ratio of -3.87 and a beta of 1.74.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the company. Ventum Cap Mkts upgraded Ascend Wellness to a “strong-buy” rating in a research report on Tuesday, July 16th. Needham & Company LLC restated a “hold” rating on shares of Ascend Wellness in a research report on Tuesday, May 7th.

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.