Ascend Wellness (OTCMKTS:AAWH) Announces Quarterly Earnings Results
by Doug Wharley · The Cerbat GemAscend Wellness (OTCMKTS:AAWH – Get Free Report) issued its earnings results on Wednesday. The company reported ($0.15) EPS for the quarter, missing analysts’ consensus estimates of ($0.13) by ($0.02), Zacks reports. Ascend Wellness had a negative net margin of 23.61% and a negative return on equity of 1,099.51%.
Ascend Wellness Stock Up 3.6%
Shares of OTCMKTS:AAWH traded up $0.02 during midday trading on Wednesday, reaching $0.57. The company had a trading volume of 82,513 shares, compared to its average volume of 115,887. The stock has a market capitalization of $115.27 million, a P/E ratio of -0.98 and a beta of 1.22. The stock’s fifty day moving average price is $0.50 and its 200-day moving average price is $0.60. The company has a debt-to-equity ratio of 133.34, a current ratio of 1.92 and a quick ratio of 1.14. Ascend Wellness has a one year low of $0.26 and a one year high of $1.20.
Wall Street Analyst Weigh In
Separately, Zacks Research downgraded Ascend Wellness from a “hold” rating to a “strong sell” rating in a research report on Thursday, March 26th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the company presently has an average rating of “Sell”.
Get Our Latest Stock Report on AAWH
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.