Ayr Wellness (OTCMKTS:AYRWF) Shares Down 9.6% – Time to Sell?

Ayr Wellness Inc. (OTCMKTS:AYRWF)’s share price dropped 9.6% during mid-day trading on Monday . The stock traded as low as $0.30 and last traded at $0.30. Approximately 871,974 shares were traded during mid-day trading, an increase of 334% from the average daily volume of 200,864 shares. The stock had previously closed at $0.33.

Analysts Set New Price Targets

AYRWF has been the subject of a number of recent research reports. Roth Mkm decreased their price target on shares of Ayr Wellness from $3.50 to $3.00 and set a “buy” rating for the company in a research note on Thursday, November 14th. Atb Cap Markets cut shares of Ayr Wellness from a “hold” rating to a “strong sell” rating in a research note on Wednesday, November 13th. Finally, Roth Capital upgraded shares of Ayr Wellness to a “strong-buy” rating in a research note on Friday, November 8th.

Ayr Wellness Stock Performance

The stock has a market cap of $34.77 million, a price-to-earnings ratio of -0.13 and a beta of 1.64. The stock’s 50 day moving average is $0.44 and its two-hundred day moving average is $1.10. The company has a current ratio of 1.59, a quick ratio of 0.58 and a debt-to-equity ratio of 0.76.

Ayr Wellness Company Profile

Ayr Wellness Inc operates as a vertically-integrated multi-state cannabis operator that cultivates, manufactures, and retails cannabis products and branded cannabis packaged goods. It owns and operates a chain of cannabis retail stores under AYR, Liberty Health Sciences, and The Dispensary brand names.