Ayr Wellness (OTCMKTS:AYRWF) Trading Up 3.9% – Here’s Why

Ayr Wellness Inc. (OTCMKTS:AYRWF) shares were up 3.9% on Wednesday . The company traded as high as $0.11 and last traded at $0.11. Approximately 91,108 shares changed hands during mid-day trading, a decline of 72% from the average daily volume of 322,298 shares. The stock had previously closed at $0.10.

Analyst Upgrades and Downgrades

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

Ayr Wellness Stock Up 3.9%

The business’s fifty day moving average price is $0.20 and its 200 day moving average price is $0.35. The company has a quick ratio of 0.58, a current ratio of 1.59 and a debt-to-equity ratio of 0.76. The firm has a market capitalization of $12.32 million, a PE ratio of -0.05 and a beta of 1.44.

Ayr Wellness (OTCMKTS:AYRWF) last announced its earnings results on Thursday, March 6th. The company reported ($0.41) EPS for the quarter, missing analysts’ consensus estimates 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 business had revenue of $113.96 million during the quarter, compared to analysts’ expectations of $114.10 million. On average, equities research analysts forecast that Ayr Wellness Inc. will post -1.31 earnings per share for the current fiscal year.

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.