Ascend Wellness (OTC:AAWH) Stock Price Up 8.8% – Time to Buy?

Ascend Wellness Holdings, Inc. (OTC:AAWH)’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 were traded 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.

Wall Street Analyst Weigh In

Separately, Zacks Research upgraded Ascend Wellness from a “strong sell” rating to a “hold” rating in a report on Monday, October 13th. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat, the stock currently has a consensus rating of “Hold”.

Ascend Wellness Trading Up 8.8%

The company has a debt-to-equity ratio of 2.61, a quick ratio of 0.80 and a current ratio of 1.47. The stock has a market cap of $126.75 million, a price-to-earnings ratio of -1.51 and a beta of 1.14. The company’s 50 day simple moving average is $0.71 and its two-hundred day simple moving average is $0.56.

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.