Needham & Company LLC Reiterates Hold Rating for Ascend Wellness (OTC:AAWH)

Ascend Wellness (OTC:AAWH)‘s stock had its “hold” rating reiterated by analysts at Needham & Company LLC in a note issued to investors on Tuesday, Benzinga reports.

Ascend Wellness Stock Up 0.8 %

Shares of OTC AAWH opened at $1.28 on Tuesday. The business has a 50-day moving average of $1.28 and a 200-day moving average of $1.27. The firm has a market capitalization of $263.53 million, a price-to-earnings ratio of -5.31 and a beta of 1.95. The company has a current ratio of 2.47, a quick ratio of 1.44 and a debt-to-equity ratio of 2.08. Ascend Wellness has a 12 month low of $0.46 and a 12 month high of $1.82.

About Ascend Wellness

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.