Ascend Wellness (OTCMKTS:AAWH) Trading Down 1.4% - Here's What Happened

Ascend Wellness Holdings, Inc. (OTCMKTS:AAWH - Get Free Report) dropped 1.4% on Friday . The stock traded as low as $0.47 and last traded at $0.4750. Approximately 25,948 shares traded hands during trading, a decline of 56% from the average daily volume of 58,466 shares. The stock had previously closed at $0.4818.Get Ascend Wellness alerts:Wall Street Analyst Weigh InSeparately, Zacks Research upgraded Ascend Wellness from a "strong sell" rating to a "hold" rating in a research note on Wednesday, February 25th. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the company presently has an average rating of "Hold".Get Our Latest Report on AAWHAscend Wellness Price PerformanceThe business's fifty day moving average price is $0.58 and its 200 day moving average price is $0.66. The company has a debt-to-equity ratio of 133.34, a current ratio of 1.92 and a quick ratio of 1.14. The stock has a market cap of $97.11 million, a P/E ratio of -0.82 and a beta of 1.12. Ascend Wellness (OTCMKTS:AAWH - Get Free Report) last announced its quarterly earnings results on Thursday, March 12th. The company reported ($0.16) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.12) by ($0.04). The company had revenue of $120.55 million for the quarter, compared to the consensus estimate of $120.00 million. Ascend Wellness had a negative net margin of 23.61% and a negative return on equity of 1,099.51%. Sell-side analysts forecast that Ascend Wellness Holdings, Inc. will post -0.4 EPS for the current fiscal year. Ascend Wellness Company Profile (Get Free Report)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.Featured ArticlesFive stocks we like better than Ascend WellnessThis instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in Ascend Wellness Right Now?Before you consider Ascend Wellness, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Ascend Wellness wasn't on the list.While Ascend Wellness currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here