Ascend Wellness (OTCMKTS:AAWH) Shares Down 5.6% – Time to Sell?

Ascend Wellness Holdings, Inc. (OTCMKTS:AAWH) shares fell 5.6% during mid-day trading on Monday . The company traded as low as $0.4849 and last traded at $0.4925. Approximately 62,666 shares changed hands during trading, a decline of 35% from the average session volume of 96,393 shares. The stock had previously closed at $0.5217.

Wall Street Analysts Forecast Growth

Separately, Zacks Research upgraded shares of Ascend Wellness from a “strong sell” rating to a “hold” rating in a research note on Tuesday, May 12th. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat, the company has a consensus rating of “Hold”.

Ascend Wellness Stock Performance

The company has a debt-to-equity ratio of 133.34, a current ratio of 2.14 and a quick ratio of 1.15. The stock has a 50-day moving average price of $0.53 and a 200-day moving average price of $0.57. The firm has a market capitalization of $89.00 million, a PE ratio of -0.69 and a beta of 1.19.

Ascend Wellness (OTCMKTS:AAWH) last issued its quarterly earnings results on Wednesday, May 13th. The company reported ($0.15) EPS for the quarter, missing analysts’ consensus estimates of ($0.13) by ($0.02). Ascend Wellness had a negative net margin of 26.24% and a negative return on equity of 1,099.51%. On average, research analysts expect that Ascend Wellness Holdings, Inc. will post -0.32 EPS for the current fiscal 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. It also owns, operates, and manages cannabis cultivation facilities and dispensaries. The company sells its products through company-owned retail stores and third-party licensed retail cannabis stores.