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

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

Ascend Wellness Trading Down 10.9 %

Shares of Ascend Wellness stock traded down $0.06 on Thursday, reaching $0.50. 1,978,731 shares of the company’s stock were exchanged, compared to its average volume of 219,305. The firm’s 50-day moving average is $0.83 and its two-hundred day moving average is $0.96. The company has a market capitalization of $106.95 million, a P/E ratio of -1.22 and a beta of 1.69. 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 52 week low of $0.45 and a 52 week high of $1.82.

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.