TerrAscend (OTCMKTS:TSNDF) Shares Down 2.7% – Here’s What Happened

TerrAscend Corp. (OTCMKTS:TSNDF)’s stock price fell 2.7% during mid-day trading on Wednesday . The stock traded as low as $0.5751 and last traded at $0.58. 95,749 shares changed hands during mid-day trading, a decline of 60% from the average daily volume of 241,202 shares. The stock had previously closed at $0.5961.

TerrAscend Trading Down 2.7%

The business’s 50 day moving average is $0.66 and its two-hundred day moving average is $0.68. The company has a quick ratio of 0.98, a current ratio of 1.51 and a debt-to-equity ratio of 2.66. The firm has a market capitalization of $179.54 million, a P/E ratio of -5.80 and a beta of 1.36.

TerrAscend (OTCMKTS:TSNDF) last posted its quarterly earnings data on Thursday, May 7th. The company reported ($0.03) earnings per share for the quarter, missing the consensus estimate of ($0.02) by ($0.01). The company had revenue of $65.54 million during the quarter, compared to analyst estimates of $65.25 million. TerrAscend had a negative return on equity of 24.69% and a negative net margin of 45.86%. Analysts expect that TerrAscend Corp. will post -0.08 EPS for the current year.

TerrAscend Company Profile

TerrAscend is a vertically integrated cannabis company that operates across cultivation, processing and retailing in North America. The company’s business model spans seed-to-sale activities, enabling it to manage quality control, production efficiency and product innovation from its growing facilities through to its distribution networks. TerrAscend serves both adult-use and medical cannabis markets, offering a full suite of cannabis derivatives including dried flower, concentrates, vapes, edibles, tinctures and topicals.

Geographically, TerrAscend maintains operations in key regulated markets.