Ascend Wellness (OTC:AAWH) Announces Quarterly Earnings Results

Ascend Wellness (OTC:AAWH) issued its quarterly 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 net margin of 15.47% and a negative return on equity of 66.28%. The business had revenue of $141.65 million during the quarter, compared to analyst estimates of $144.13 million.

Ascend Wellness Price Performance

Shares of OTC AAWH opened at $0.56 on Thursday. 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 quick ratio of 1.29, a current ratio of 2.29 and a debt-to-equity ratio of 2.46. The firm has a fifty day moving average of $0.84 and a 200-day moving average of $0.96. Ascend Wellness has a 52-week low of $0.45 and a 52-week high of $1.82.

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.