Ascend Wellness (OTC:AAWH) Stock Price Up 8.8% – Here’s Why

by · The Cerbat Gem

Ascend Wellness Holdings, Inc. (OTC:AAWH – Get Free Report)’s stock price was up 8.8% on Friday . The company traded as high as $0.6250 and last traded at $0.62. Approximately 105,041 shares traded hands during mid-day trading, a decline of 36% from the average daily volume of 164,997 shares. The stock had previously closed at $0.57.

Analyst Upgrades and Downgrades

Separately, Zacks Research upgraded shares of Ascend Wellness from a “strong sell” rating to a “hold” rating in a research report on Monday, October 13th. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the company has an average rating of “Hold”.

Read Our Latest Stock Analysis on AAWH

Ascend Wellness Stock Up 8.8%

The firm has a fifty day moving average price of $0.71 and a 200 day moving average price of $0.56. The firm has a market capitalization of $126.75 million, a price-to-earnings ratio of -1.51 and a beta of 1.14. The company has a debt-to-equity ratio of 2.61, a quick ratio of 0.80 and a current ratio of 1.47.

About Ascend Wellness

(Get Free Report)

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.

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