Ayr Wellness (OTCMKTS:AYRWF) Announces Quarterly Earnings Results, Misses Estimates By $0.12 EPS

Ayr Wellness (OTCMKTS:AYRWF) posted its earnings results on Thursday. The company reported ($0.41) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.29) by ($0.12), Zacks reports. Ayr Wellness had a negative return on equity of 25.30% and a negative net margin of 48.17%.

Ayr Wellness Stock Performance

Shares of OTCMKTS AYRWF traded up $0.02 during midday trading on Thursday, reaching $0.28. 343,452 shares of the stock were exchanged, compared to its average volume of 213,787. The company has a quick ratio of 0.58, a current ratio of 1.59 and a debt-to-equity ratio of 0.76. Ayr Wellness has a twelve month low of $0.23 and a twelve month high of $3.46. The firm has a 50-day simple moving average of $0.43 and a two-hundred day simple moving average of $1.08. The firm has a market cap of $32.53 million, a price-to-earnings ratio of -0.13 and a beta of 1.70.

Wall Street Analyst Weigh In

AYRWF has been the topic of several analyst reports. Roth Mkm dropped their target price on shares of Ayr Wellness from $3.50 to $3.00 and set a “buy” rating on the stock in a research note on Thursday, November 14th. Atb Cap Markets downgraded Ayr Wellness from a “hold” rating to a “strong sell” rating in a research note on Wednesday, November 13th. Finally, Roth Capital raised shares of Ayr Wellness to a “strong-buy” rating in a research note on Friday, November 8th.

Ayr Wellness Company Profile

Ayr Wellness Inc operates as a vertically-integrated multi-state cannabis operator that cultivates, manufactures, and retails cannabis products and branded cannabis packaged goods. It owns and operates a chain of cannabis retail stores under AYR, Liberty Health Sciences, and The Dispensary brand names.