MariMed (OTCMKTS:MRMD) Trading 0.4% Higher – Time to Buy?

MariMed Inc. (OTCMKTS:MRMD)’s share price was up 0.4% during trading on Wednesday . The stock traded as high as $0.14 and last traded at $0.14. Approximately 214,400 shares were traded during mid-day trading, a decline of 54% from the average daily volume of 467,673 shares. The stock had previously closed at $0.14.

Analysts Set New Price Targets

Separately, Ventum Cap Mkts upgraded shares of MariMed to a “strong-buy” rating in a research note on Thursday, August 8th.

MariMed Price Performance

The company has a market capitalization of $55.07 million, a PE ratio of -4.55 and a beta of 2.79. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.55 and a quick ratio of 0.73. The company’s 50 day simple moving average is $0.16 and its 200 day simple moving average is $0.18.

MariMed Company Profile

MariMed Inc engages in cultivation, production, and dispensing of medicinal and recreational cannabis in the United States and internationally. The company sells flowers and concentrates under the Nature’s Heritage brand; and soft and chewy baked goods and a hot chocolate mix under Bubby’s Baked brand; and drink mix under Vibations brand.