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

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

Ayr Wellness Stock Up 7.7 %

Shares of OTCMKTS:AYRWF traded up $0.02 during trading on Thursday, reaching $0.28. 343,452 shares of the stock traded hands, compared to its average volume of 213,787. The stock has a market cap of $32.53 million, a P/E ratio of -0.13 and a beta of 1.70. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.58 and a current ratio of 1.59. The stock has a 50-day moving average of $0.43 and a two-hundred day moving average of $1.08. Ayr Wellness has a 52-week low of $0.23 and a 52-week high of $3.46.

Wall Street Analyst Weigh In

Several analysts have weighed in on AYRWF shares. 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 lowered 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 note on Friday, November 8th.

Ayr Wellness Company Profile

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.