Ayr Wellness (OTCMKTS:AYRWF) Posts Earnings Results, Misses Expectations By $0.12 EPS

Ayr Wellness (OTCMKTS:AYRWF) announced its quarterly earnings results on Thursday. The company reported ($0.41) EPS for the quarter, missing analysts’ consensus estimates of ($0.29) by ($0.12), Zacks reports. Ayr Wellness had a negative return on equity of 25.30% and a negative net margin of 48.17%.

Ayr Wellness Price Performance

Shares of AYRWF stock traded up $0.02 during trading hours on Thursday, hitting $0.28. The stock had a trading volume of 343,452 shares, compared to its average volume of 213,787. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.59 and a quick ratio of 0.58. The stock has a market capitalization of $32.53 million, a price-to-earnings ratio of -0.13 and a beta of 1.70. Ayr Wellness has a one year low of $0.23 and a one year high of $3.46. The stock’s 50-day moving average price is $0.43 and its two-hundred day moving average price is $1.08.

Analyst Ratings Changes

Several brokerages recently issued reports on AYRWF. Atb Cap Markets cut shares of Ayr Wellness from a “hold” rating to a “strong sell” rating in a report on Wednesday, November 13th. Roth Capital upgraded Ayr Wellness to a “strong-buy” rating in a research note on Friday, November 8th. Finally, Roth Mkm cut their price objective on Ayr Wellness from $3.50 to $3.00 and set a “buy” rating for the company in a report on Thursday, November 14th.

About Ayr Wellness

Ayr Wellness Inc operates as a vertically-integrated multi-state cannabis operator that cultivates, manufactures, and retails cannabis products and branded cannabis packaged goods. It owns and operates a chain of cannabis retail stores under AYR, Liberty Health Sciences, and The Dispensary brand names.