Ascend Wellness’ (AAWH) “Hold” Rating Reaffirmed at Needham & Company LLC

Needham & Company LLC reiterated their hold rating on shares of Ascend Wellness (OTC:AAWH) in a research note released on Tuesday morning, Benzinga reports.

Ascend Wellness Stock Performance

Shares of OTC AAWH opened at $1.27 on Tuesday. The firm has a 50 day moving average of $1.28 and a 200 day moving average of $1.26. The firm has a market capitalization of $261.46 million, a price-to-earnings ratio of -5.27 and a beta of 1.95. Ascend Wellness has a 12-month low of $0.46 and a 12-month high of $1.82. The company has a current ratio of 2.47, a quick ratio of 1.44 and a debt-to-equity ratio of 2.08.

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.