Ascend Wellness (OTC:AAWH) Trading 2.1% Higher

Ascend Wellness Holdings, Inc. (OTC:AAWH) shares shot up 2.1% during trading on Wednesday . The company traded as high as $0.97 and last traded at $0.96. 34,950 shares traded hands during mid-day trading, a decline of 85% from the average session volume of 229,313 shares. The stock had previously closed at $0.94.

Wall Street Analyst Weigh In

Separately, Ventum Cap Mkts upgraded Ascend Wellness to a “strong-buy” rating in a report on Tuesday, July 16th.

Ascend Wellness Trading Down 4.7 %

The company has a quick ratio of 1.29, a current ratio of 2.29 and a debt-to-equity ratio of 2.46. The firm’s fifty day moving average is $0.96 and its two-hundred day moving average is $1.13. The firm has a market cap of $195.71 million, a P/E ratio of -4.20 and a beta of 1.72.

Ascend Wellness (OTC:AAWH) last announced its earnings results on Monday, August 5th. The company reported ($0.10) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.03). Ascend Wellness had a negative net margin of 12.48% and a negative return on equity of 50.77%. The company had revenue of $141.54 million for the quarter, compared to the consensus estimate of $145.48 million. Analysts predict that Ascend Wellness Holdings, Inc. will post -0.32 earnings per share for the current fiscal year.

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.