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

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

Ascend Wellness Stock Performance

AAWH traded up $0.06 during trading on Wednesday, hitting $0.56. The stock had a trading volume of 657,039 shares, compared to its average volume of 149,298. The firm has a market capitalization of $120.02 million, a P/E ratio of -1.70 and a beta of 1.69. The company’s 50-day moving average price is $0.84 and its 200 day moving average price is $0.97. The company has a debt-to-equity ratio of 2.46, a quick ratio of 1.29 and a current ratio of 2.29. Ascend Wellness has a twelve month low of $0.48 and a twelve month high of $1.82.

Analyst Upgrades and Downgrades

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

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.