Ascend Wellness (OTC:AAWH) Issues Quarterly Earnings Results

Ascend Wellness (OTC:AAWH) released its earnings results on Tuesday. The company reported ($0.13) EPS for the quarter, missing the consensus estimate of ($0.10) by ($0.03), Zacks reports. Ascend Wellness had a negative return on equity of 50.77% and a negative net margin of 12.48%. The company had revenue of $141.65 million during the quarter, compared to the consensus estimate of $144.13 million.

Ascend Wellness Price Performance

Shares of OTC:AAWH traded up $0.06 during trading on Wednesday, hitting $0.56. 657,039 shares of the company’s stock were exchanged, compared to its average volume of 149,298. The company has a debt-to-equity ratio of 2.46, a current ratio of 2.29 and a quick ratio of 1.29. Ascend Wellness has a 52-week low of $0.48 and a 52-week high of $1.82. The business’s 50-day simple moving average is $0.84 and its 200 day simple moving average is $0.97. The company has a market cap of $120.02 million, a price-to-earnings ratio of -1.70 and a beta of 1.69.

Wall Street Analysts Forecast Growth

Separately, Ventum Cap Mkts raised Ascend Wellness to a “strong-buy” rating in a report on Tuesday, July 16th.

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.