Trees (OTCMKTS:CANN) Stock Passes Below 50-Day Moving Average of $0.08

Shares of Trees Co. (OTCMKTS:CANN) crossed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $0.08 and traded as low as $0.08. Trees shares last traded at $0.08, with a volume of 145,572 shares changing hands.

Trees Stock Down 6.0 %

The company’s 50-day simple moving average is $0.08 and its two-hundred day simple moving average is $0.09. The firm has a market capitalization of $8.69 million, a P/E ratio of -1.14 and a beta of 0.04. The company has a debt-to-equity ratio of 21.81, a current ratio of 0.32 and a quick ratio of 0.20.

Trees (OTCMKTS:CANN) last released its earnings results on Wednesday, April 10th. The company reported ($0.02) earnings per share for the quarter. The company had revenue of $3.82 million for the quarter. Trees had a negative net margin of 39.04% and a negative return on equity of 615.40%.

Trees Company Profile

Trees Corporation provides products and services to the regulated cannabis industry in the United States. The company operates through Retail and Cultivation segments. It operates a licensed 17,000 square foot light deprivation greenhouse cultivation facility; and retail dispensary store in Englewood, Colorado, as well as retail stores in Portland, Oregon.