Ascend Wellness (OTC:AAWH) Posts Quarterly Earnings Results, Misses Estimates By $0.03 EPS

Ascend Wellness (OTC:AAWH) issued its earnings results on Tuesday. The company reported ($0.13) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.10) by ($0.03), Zacks reports. The firm had revenue of $141.65 million during the quarter, compared to the consensus estimate of $144.13 million. Ascend Wellness had a negative return on equity of 66.28% and a negative net margin of 15.47%.

Ascend Wellness Trading Down 10.9 %

Shares of OTC AAWH opened at $0.50 on Friday. The firm’s 50 day moving average price is $0.83 and its 200-day moving average price is $0.96. The company has a market cap of $106.95 million, a PE ratio of -1.22 and a beta of 1.69. Ascend Wellness has a 52-week low of $0.45 and a 52-week high of $1.82. The company has a debt-to-equity ratio of 2.46, a quick ratio of 1.29 and a current ratio of 2.29.

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.