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

Needham & Company LLC reiterated their buy rating on shares of Ascend Wellness (OTC:AAWH – Get 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

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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.