Ascend Wellness (OTC:AAWH) Receives “Buy” Rating from Needham & Company LLC

Needham & Company LLC reiterated their buy rating on shares of Ascend Wellness (OTC:AAWHGet Rating) in a research note published on Wednesday, Benzinga reports. The firm currently has a $2.75 target price on the stock.

Separately, Cantor Fitzgerald assumed coverage on Ascend Wellness in a research report on Friday, February 10th. They set a neutral rating on the stock.

Ascend Wellness Trading Up 4.4 %

Shares of OTC AAWH opened at $1.19 on Wednesday. The stock’s 50 day moving average price is $1.30 and its two-hundred day moving average price is $1.64. Ascend Wellness has a 52-week low of $0.98 and a 52-week high of $4.23. The company has a debt-to-equity ratio of 1.67, a quick ratio of 0.92 and a current ratio of 1.59.

Ascend Wellness Company Profile

(Get Rating)

Ascend Wellness Holdings, Inc engages in the cultivation, manufacture, and distribution of cannabis consumer packaged goods. Its cannabis product categories include flowers, pre-rolls, concentrates, vapes, edibles, and other cannabis-related products. As of December 31, 2021, the company operated 20 retail locations.

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