Ascend Wellness (OTC:AAWH) Receives Hold Rating from Needham & Company LLC

Ascend Wellness (OTC:AAWH)‘s stock had its “hold” rating reissued by equities researchers at Needham & Company LLC in a report released on Tuesday, Benzinga reports.

Ascend Wellness Stock Performance

AAWH stock traded up $0.01 during trading on Tuesday, hitting $1.29. 142,497 shares of the company traded hands, compared to its average volume of 262,064. The company has a debt-to-equity ratio of 2.08, a current ratio of 2.47 and a quick ratio of 1.44. Ascend Wellness has a 1 year low of $0.46 and a 1 year high of $1.82. The stock’s 50-day simple moving average is $1.28 and its 200 day simple moving average is $1.26. The company has a market cap of $266.63 million, a PE ratio of -5.37 and a beta of 1.95.

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.