Ayr Wellness (OTCMKTS:AYRWF) Announces Quarterly Earnings Results

Ayr Wellness (OTCMKTS:AYRWF) posted its quarterly earnings data on Thursday. The company reported ($0.41) earnings per share for the quarter, missing the consensus estimate 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%. The business had revenue of $113.96 million during the quarter, compared to analysts’ expectations of $114.10 million.

Ayr Wellness Stock Down 4.5 %

Shares of OTCMKTS AYRWF opened at $0.21 on Friday. Ayr Wellness has a one year low of $0.21 and a one year high of $3.46. 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 business’s fifty day moving average price is $0.43 and its 200-day moving average price is $1.08. The stock has a market capitalization of $24.40 million, a PE ratio of -0.09 and a beta of 1.70.

Wall Street Analyst Weigh In

AYRWF has been the topic of several research analyst reports. Roth Mkm cut their price objective on Ayr Wellness from $3.50 to $3.00 and set a “buy” rating on the stock in a research report on Thursday, November 14th. Atb Cap Markets cut Ayr Wellness from a “hold” rating to a “strong sell” rating in a research report on Wednesday, November 13th. Finally, Roth Capital raised Ayr Wellness to a “strong-buy” rating in a research report on Friday, November 8th.

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.