MariMed (OTCMKTS:MRMD) Stock Rating Upgraded by Ventum Cap Mkts

Ventum Cap Mkts upgraded shares of MariMed (OTCMKTS:MRMD) to a strong-buy rating in a research report sent to investors on Thursday morning, Zacks.com reports.

MariMed Price Performance

Shares of MariMed stock remained flat at $0.18 on Thursday. The stock had a trading volume of 220,343 shares, compared to its average volume of 437,308. The firm has a market capitalization of $67.90 million, a price-to-earnings ratio of -4.47 and a beta of 2.80. The company has a current ratio of 1.55, a quick ratio of 0.73 and a debt-to-equity ratio of 1.01. The firm’s 50-day simple moving average is $0.18 and its 200-day simple moving average is $0.24. MariMed has a 12-month low of $0.14 and a 12-month high of $0.55.

About MariMed

MariMed Inc engages in cultivation, production, and dispensing of medicinal and recreational cannabis in the United States and internationally. The company sells flowers and concentrates under the Nature's Heritage brand; and soft and chewy baked goods and a hot chocolate mix under Bubby's Baked brand; and drink mix under Vibations brand.