Ayr Wellness (OTCMKTS:AYRWF) Issues Earnings Results, Misses Expectations By $0.08 EPS

Ayr Wellness (OTCMKTS:AYRWF) announced its earnings results on Wednesday. The company reported ($0.34) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.26) by ($0.08), Zacks reports. Ayr Wellness had a negative net margin of 39.55% and a negative return on equity of 17.27%. The company had revenue of $117.31 million for the quarter, compared to the consensus estimate of $119.30 million.

Ayr Wellness Stock Down 7.4 %

Shares of AYRWF traded down $0.14 during mid-day trading on Friday, reaching $1.75. The company had a trading volume of 135,862 shares, compared to its average volume of 271,380. Ayr Wellness has a 52 week low of $0.79 and a 52 week high of $4.09. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.87 and a current ratio of 1.86. The company has a market capitalization of $200.71 million, a price-to-earnings ratio of -0.83 and a beta of 2.09. The firm has a 50-day moving average price of $2.02 and a 200 day moving average price of $2.32.

About Ayr Wellness

Ayr Wellness Inc operates as a vertically-integrated multi-state cannabis operator that cultivates, manufactures, and retails cannabis products and branded cannabis packaged goods. It owns and operates a chain of cannabis retail stores under AYR, Liberty Health Sciences, and The Dispensary brand names.