Ascend Wellness’ (AAWH) “Hold” Rating Reaffirmed at Needham & Company LLC

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

Ascend Wellness Stock Performance

Shares of Ascend Wellness stock opened at $1.28 on Tuesday. The company has a market cap of $263.53 million, a PE ratio of -5.31 and a beta of 1.95. The company has a quick ratio of 1.44, a current ratio of 2.47 and a debt-to-equity ratio of 2.08. Ascend Wellness has a 52 week low of $0.46 and a 52 week high of $1.82. The business has a 50 day moving average price of $1.28 and a 200-day moving average price of $1.27.

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.