MariMed (OTCMKTS:MRMD) Trading 0.4% Higher – Time to Buy?

Shares of MariMed Inc. (OTCMKTS:MRMD) traded up 0.4% on Wednesday . The company traded as high as $0.14 and last traded at $0.14. 214,400 shares changed hands during mid-day trading, a decline of 54% from the average session volume of 467,673 shares. The stock had previously closed at $0.14.

Wall Street Analyst Weigh In

Separately, Ventum Cap Mkts upgraded MariMed to a “strong-buy” rating in a report on Thursday, August 8th.

MariMed Price Performance

The company has a debt-to-equity ratio of 1.01, a current ratio of 1.55 and a quick ratio of 0.73. The company has a market capitalization of $55.07 million, a PE ratio of -4.55 and a beta of 2.79. The stock’s 50 day simple moving average is $0.16 and its 200-day simple moving average is $0.18.

About MariMed

MariMed Inc engages in cultivation, production, and dispensing of medicinal and recreational cannabis in the United States and internationally. The company sells flowers and concentrates under the Nature’s Heritage brand; and soft and chewy baked goods and a hot chocolate mix under Bubby’s Baked brand; and drink mix under Vibations brand.