Ascend Wellness (OTC:AAWH) Trading 2.7% Higher – Should You Buy?

Ascend Wellness Holdings, Inc. (OTC:AAWH) shares traded up 2.7% during mid-day trading on Thursday . The company traded as high as $0.38 and last traded at $0.37. 181,403 shares changed hands during trading, an increase of 18% from the average session volume of 153,118 shares. The stock had previously closed at $0.36.

Ascend Wellness Stock Performance

The company’s 50 day moving average price is $0.40 and its 200-day moving average price is $0.71. The stock has a market cap of $72.91 million, a P/E ratio of -0.83 and a beta of 1.34. The company has a debt-to-equity ratio of 2.61, a quick ratio of 0.80 and a current ratio of 1.47.

Ascend Wellness (OTC:AAWH) last issued its quarterly earnings data on Tuesday, November 12th. The company reported ($0.13) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.10) by ($0.03). Ascend Wellness had a negative return on equity of 72.18% and a negative net margin of 15.47%. The firm had revenue of $141.65 million during the quarter, compared to the consensus estimate of $144.13 million. Equities analysts forecast that Ascend Wellness Holdings, Inc. will post -0.4 EPS for the current fiscal year.

Ascend Wellness Company Profile

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.