Ascend Wellness (OTCMKTS:AAWH) Trading Down 5.6% – Should You Sell?

Ascend Wellness Holdings, Inc. (OTCMKTS:AAWH) traded down 5.6% during mid-day trading on Monday . The stock traded as low as $0.4849 and last traded at $0.4925. Approximately 62,666 shares changed hands during mid-day trading, a decline of 35% from the average daily 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 report on Tuesday, May 12th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat, the company has an average rating of “Hold”.

Ascend Wellness Price 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 company has a market capitalization of $99.62 million, a PE ratio of -0.77 and a beta of 1.19. The firm has a 50-day moving average of $0.53 and a 200 day moving average of $0.58.

Ascend Wellness (OTCMKTS:AAWH) last issued its earnings results on Wednesday, May 13th. The company reported ($0.15) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.13) by ($0.02). Ascend Wellness had a negative return on equity of 1,099.51% and a negative net margin of 26.24%. As a group, research analysts anticipate that Ascend Wellness Holdings, Inc. will post -0.32 earnings per share for the current fiscal year.

About Ascend Wellness

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.