Ascend Wellness (OTC:AAWH) Cut to Strong Sell at Zacks Research

Zacks Research cut shares of Ascend Wellness (OTC:AAWH) from a hold rating to a strong sell rating in a research report report published on Tuesday morning,Zacks.com reports.

Ascend Wellness Stock Down 7.4%

Ascend Wellness stock opened at $0.57 on Tuesday. The company has a 50 day moving average of $0.67 and a 200-day moving average of $0.66. The company has a quick ratio of 0.80, a current ratio of 1.47 and a debt-to-equity ratio of 2.61. Ascend Wellness has a twelve month low of $0.26 and a twelve month high of $1.20. The stock has a market capitalization of $116.96 million, a PE ratio of -1.40 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.