Ascend Wellness (OTC:AAWH) Stock Price Up 4.6% – Here’s What Happened

Ascend Wellness Holdings, Inc. (OTC:AAWH)’s stock price rose 4.6% during trading on Wednesday . The stock traded as high as $0.64 and last traded at $0.64. Approximately 140,212 shares traded hands during trading, an increase of 43% from the average daily volume of 98,209 shares. The stock had previously closed at $0.6120.

Analyst Ratings Changes

Separately, Zacks Research raised Ascend Wellness from a “strong sell” rating to a “hold” rating in a research note on Monday, October 13th. One research analyst has rated the stock with a Hold rating, According to MarketBeat.com, the company has a consensus rating of “Hold”.

Ascend Wellness Stock Up 4.6%

The business’s fifty day moving average price is $0.66 and its two-hundred day moving average price is $0.65. The company has a debt-to-equity ratio of 2.61, a quick ratio of 0.80 and a current ratio of 1.47. The firm has a market capitalization of $130.84 million, a P/E ratio of -1.56 and a beta of 1.11.

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. It also owns, operates, and manages cannabis cultivation facilities and dispensaries. The company sells its products through company-owned retail stores and third-party licensed retail cannabis stores.