TerrAscend (OTCMKTS:TSNDF) Stock Price Down 1.9% – Here’s Why

TerrAscend Corp. (OTCMKTS:TSNDF)’s share price was down 1.9% during trading on Tuesday . The company traded as low as $0.61 and last traded at $0.6286. Approximately 356,279 shares traded hands during trading, an increase of 8% from the average daily volume of 331,349 shares. The stock had previously closed at $0.6410.

TerrAscend Trading Up 5.6%

The company’s fifty day moving average is $0.69 and its two-hundred day moving average is $0.69. The company has a debt-to-equity ratio of 2.66, a quick ratio of 0.98 and a current ratio of 1.51. The company has a market cap of $210.93 million, a price-to-earnings ratio of -6.81 and a beta of 1.37.

TerrAscend (OTCMKTS:TSNDF) last announced its quarterly earnings data on Thursday, May 7th. The company reported ($0.03) EPS for the quarter, missing the consensus estimate of ($0.02) by ($0.01). The business had revenue of $65.54 million for the quarter, compared to analyst estimates of $65.25 million. TerrAscend had a negative net margin of 45.86% and a negative return on equity of 24.69%. On average, research analysts anticipate that TerrAscend Corp. will post -0.08 EPS for the current year.

About TerrAscend

TerrAscend is a vertically integrated cannabis company that operates across cultivation, processing and retailing in North America. The company’s business model spans seed-to-sale activities, enabling it to manage quality control, production efficiency and product innovation from its growing facilities through to its distribution networks. TerrAscend serves both adult-use and medical cannabis markets, offering a full suite of cannabis derivatives including dried flower, concentrates, vapes, edibles, tinctures and topicals.

Geographically, TerrAscend maintains operations in key regulated markets.