Ascend Wellness (OTC:AAWH) Downgraded by Zacks Investment Research

Ascend Wellness (OTC:AAWH – Get Rating) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report issued on Wednesday, 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 cut their price objective on shares of Ascend Wellness from $11.00 to $9.00 and set a “buy” rating on the stock in a report on Wednesday, March 9th.

OTC:AAWH traded up $0.07 during mid-day trading on Wednesday, hitting $2.98. The stock had a trading volume of 16,492 shares, compared to its average volume of 35,209. The firm’s 50-day simple moving average is $3.28. Ascend Wellness has a twelve month low of $2.81 and a twelve month high of $15.81. The company has a quick ratio of 1.67, a current ratio of 2.38 and a debt-to-equity ratio of 1.41.

Ascend Wellness Company Profile (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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