Ascend Wellness (OTC:AAWH) Shares Down 16.7% – Time to Sell?

Shares of Ascend Wellness Holdings, Inc. (OTC:AAWH) traded down 16.7% on Monday . The stock traded as low as $0.48 and last traded at $0.50. 660,835 shares were traded during mid-day trading, an increase of 492% from the average session volume of 111,695 shares. The stock had previously closed at $0.60.

Analyst Ratings Changes

Separately, Ventum Cap Mkts raised Ascend Wellness to a “strong-buy” rating in a research note on Tuesday, July 16th.

Ascend Wellness Price Performance

The company’s 50 day simple moving average is $0.85 and its two-hundred day simple moving average is $0.97. The stock has a market capitalization of $107.14 million, a P/E ratio of -1.51 and a beta of 1.69. The company has a debt-to-equity ratio of 2.46, a current ratio of 2.29 and a quick ratio of 1.29.

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.