Ascend Wellness (OTC:AAWH) Trading 13% Higher – Should You Buy?

Ascend Wellness Holdings, Inc. (OTC:AAWH)’s share price traded up 13% during trading on Thursday . The stock traded as high as $0.5902 and last traded at $0.59. 177,952 shares traded hands during trading, an increase of 124% from the average session volume of 79,450 shares. The stock had previously closed at $0.5220.

Analysts Set New Price Targets

Separately, Zacks Research lowered Ascend Wellness from a “hold” rating to a “strong sell” rating in a research note on Tuesday, January 27th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Ascend Wellness currently has a consensus rating of “Sell”.

Ascend Wellness Stock Performance

The stock has a 50 day moving average price of $0.67 and a two-hundred day moving average price of $0.68. The company has a debt-to-equity ratio of 2.61, a current ratio of 1.47 and a quick ratio of 0.80. The company has a market capitalization of $120.62 million, a price-to-earnings ratio of -1.44 and a beta of 1.11.

About Ascend Wellness

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.