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

Ascend Wellness (OTC:AAWH) posted 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 66.28% and a negative net margin of 15.47%. The business had revenue of $141.65 million for the quarter, compared to analysts’ expectations of $144.13 million.

Ascend Wellness Price Performance

AAWH remained flat at $0.56 during trading on Thursday. 711,891 shares of the company’s stock traded hands, compared to its average volume of 211,308. Ascend Wellness has a fifty-two week low of $0.45 and a fifty-two week high of $1.82. The company has a debt-to-equity ratio of 2.46, a current ratio of 2.29 and a quick ratio of 1.29. The company has a market cap of $120.02 million, a price-to-earnings ratio of -1.37 and a beta of 1.69. The company has a 50-day moving average price of $0.84 and a 200-day moving average price of $0.96.

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.