TerrAscend (OTCMKTS:TSNDF – Get Free Report) issued its earnings results on Thursday. The company reported ($0.03) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.01), Zacks reports. The company had revenue of $65.54 million for the quarter, compared to analysts’ expectations of $65.25 million. TerrAscend had a negative net margin of 46.05% and a negative return on equity of 19.49%.
TerrAscend Stock Down 5.3%
Shares of TSNDF stock traded down $0.04 on Friday, hitting $0.70. The stock had a trading volume of 179,212 shares, compared to its average volume of 640,437. The company has a quick ratio of 0.95, a current ratio of 1.38 and a debt-to-equity ratio of 2.42. The business has a 50 day moving average price of $0.67 and a 200 day moving average price of $0.68. The company has a market cap of $216.23 million, a PE ratio of -1.71 and a beta of 1.42. TerrAscend has a one year low of $0.23 and a one year high of $1.45.
Wall Street Analysts Forecast Growth
Separately, Zacks Research raised shares of TerrAscend from a “strong sell” rating to a “hold” rating in a research note on Tuesday, February 10th. One analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy”.
TerrAscend Company Profile
TerrAscend is a vertically integrated cannabis company that operates across cultivation, processing and retailing in North America. The company’s business model spans seed-to-sale activities, enabling it to manage quality control, production efficiency and product innovation from its growing facilities through to its distribution networks. TerrAscend serves both adult-use and medical cannabis markets, offering a full suite of cannabis derivatives including dried flower, concentrates, vapes, edibles, tinctures and topicals.
Geographically, TerrAscend maintains operations in key regulated markets.
Featured Stories
- Five stocks we like better than TerrAscend
- Buffett Spent 60 Years Ignoring Tech and the Bill Is Coming Due
- Excited About Gold But Unsure of Its Trajectory? Try These 3 Approaches
- Dollar at a 3-Year Low: 3 Exporters Quietly Printing Money
- Water Infrastructure: Why This Boring Sector Could Get Exciting
Receive News & Ratings for TerrAscend Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TerrAscend and related companies with MarketBeat.com's FREE daily email newsletter.
