Ayr Wellness (OTCMKTS:AYRWF) Stock Price Down 10.6% – Here’s Why

Shares of Ayr Wellness Inc. (OTCMKTS:AYRWF) traded down 10.6% on Monday . The stock traded as low as $0.15 and last traded at $0.15. 143,983 shares changed hands during mid-day trading, a decline of 52% from the average session volume of 300,059 shares. The stock had previously closed at $0.17.

Analyst Upgrades and Downgrades

Separately, Ventum Cap Mkts cut shares of Ayr Wellness from a “strong-buy” rating to a “hold” rating in a report on Friday, March 7th.

Ayr Wellness Price Performance

The company has a current ratio of 1.59, a quick ratio of 0.58 and a debt-to-equity ratio of 0.76. The business’s 50 day moving average price is $0.23 and its two-hundred day moving average price is $0.67. The stock has a market cap of $17.86 million, a P/E ratio of -0.07 and a beta of 1.95.

Ayr Wellness (OTCMKTS:AYRWF) last posted its quarterly earnings data on Thursday, March 6th. The company reported ($0.41) earnings per share for the quarter, missing the consensus estimate of ($0.29) by ($0.12). Ayr Wellness had a negative net margin of 48.17% and a negative return on equity of 25.30%. The firm had revenue of $113.96 million for the quarter, compared to the consensus estimate of $114.10 million. As a group, sell-side analysts expect that Ayr Wellness Inc. will post -1.31 earnings per share for the current fiscal year.

About Ayr Wellness

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.