Ascend Wellness (OTC:AAWH) Shares Down 3.5% – Time to Sell?

Ascend Wellness Holdings, Inc. (OTC:AAWH) shares were down 3.5% on Monday . The stock traded as low as $0.65 and last traded at $0.6850. Approximately 109,064 shares were traded during mid-day trading, a decline of 39% from the average daily volume of 179,685 shares. The stock had previously closed at $0.71.

Wall Street Analysts Forecast Growth

Separately, Zacks Research raised shares of Ascend Wellness from a “strong sell” rating to a “hold” rating in a report on Monday, October 13th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat, Ascend Wellness currently has an average rating of “Hold”.

Ascend Wellness Trading Down 3.5%

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 capitalization of $140.04 million, a price-to-earnings ratio of -1.67 and a beta of 1.14. The business has a fifty day simple moving average of $0.67 and a 200 day simple moving average of $0.61.

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.