TerrAscend (OTCMKTS:TSNDF) Shares Down 0.4%

TerrAscend Corp. (OTCMKTS:TSNDF)’s share price dropped 0.4% on Friday . The company traded as low as $1.36 and last traded at $1.41. Approximately 162,645 shares changed hands during trading, a decline of 57% from the average daily volume of 376,695 shares. The stock had previously closed at $1.41.

TerrAscend Stock Performance

The company has a current ratio of 0.49, a quick ratio of 0.24 and a debt-to-equity ratio of 0.29. The firm has a fifty day moving average price of $1.61 and a 200-day moving average price of $1.72.

TerrAscend (OTCMKTS:TSNDF) last issued its quarterly earnings data on Thursday, May 9th. The company reported ($0.06) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.03) by ($0.03). The firm had revenue of $80.63 million during the quarter, compared to analyst estimates of $81.44 million. TerrAscend had a negative net margin of 26.42% and a negative return on equity of 31.76%. As a group, equities research analysts predict that TerrAscend Corp. will post -0.11 EPS for the current fiscal year.

TerrAscend Company Profile

TerrAscend Corp. cultivates, processes, and sells medical and adult use cannabis in Canada and the United States. The company produces and distributes hemp-derived wellness products to retail locations; and manufactures vaporizables, concentrates, topicals, tinctures and edibles. It also operates retail dispensaries under the Apothecarium and State Flower brand names.