Ascend Wellness (OTC:AAWH) Upgraded to “Hold” by Zacks Investment Research

Ascend Wellness (OTC:AAWH – Get Rating) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued to investors on Tuesday, Zacks.com reports.

According to Zacks, “Ascend Wellness Holdings Inc. is a vertically integrated multi-state cannabis operator focused on bettering lives through cannabis. Ascend Wellness Holdings Inc. is based in NEW YORK. “

Separately, Needham & Company LLC lowered their price target on shares of Ascend Wellness from $11.00 to $9.00 and set a “buy” rating for the company in a report on Wednesday, March 9th.

Shares of AAWH stock traded up $0.03 on Tuesday, reaching $3.07. The stock had a trading volume of 45,992 shares, compared to its average volume of 72,525. The company has a debt-to-equity ratio of 1.31, a quick ratio of 1.64 and a current ratio of 2.20. Ascend Wellness has a 12 month low of $2.85 and a 12 month high of $15.81. The stock’s 50-day moving average price is $3.70.

About Ascend Wellness (Get Rating)

Ascend Wellness Holdings, Inc engages in the cultivation, manufacture, and distribution of cannabis consumer packaged goods. Its cannabis product categories include flowers, pre-rolls, concentrates, vapes, edibles, and other cannabis-related products. As of December 31, 2021, the company operated 20 retail locations.

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