Ascend Wellness (OTC:AAWH) Issues Earnings Results, Misses Expectations By $0.03 EPS

Ascend Wellness (OTC:AAWH) announced its quarterly earnings data on Tuesday. The company reported ($0.13) earnings per share for the quarter, missing the consensus estimate of ($0.10) by ($0.03), Zacks reports. The firm had revenue of $141.65 million for the quarter, compared to the consensus estimate of $144.13 million. Ascend Wellness had a negative net margin of 15.47% and a negative return on equity of 66.28%.

Ascend Wellness Stock Performance

OTC AAWH traded down $0.06 during trading on Thursday, hitting $0.50. 1,978,731 shares of the company’s stock traded hands, compared to its average volume of 219,305. The company has a debt-to-equity ratio of 2.46, a quick ratio of 1.29 and a current ratio of 2.29. The stock has a market capitalization of $106.95 million, a price-to-earnings ratio of -1.22 and a beta of 1.69. Ascend Wellness has a 12-month low of $0.45 and a 12-month high of $1.82. The business has a 50 day moving average of $0.83 and a 200-day moving average of $0.96.

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.