TerrAscend (OTCMKTS:TSNDF – Get Free Report) announced its earnings results on Thursday. The company reported ($0.03) EPS for the quarter, missing the consensus estimate of ($0.02) by ($0.01), Zacks reports. The business had revenue of $65.54 million for the quarter, compared to the consensus estimate of $65.25 million. TerrAscend had a negative return on equity of 19.49% and a negative net margin of 46.05%.
TerrAscend Trading Down 5.3%
TSNDF stock traded down $0.04 during midday trading on Friday, reaching $0.70. The company’s stock had a trading volume of 179,212 shares, compared to its average volume of 640,437. TerrAscend has a 52 week low of $0.23 and a 52 week high of $1.45. The stock has a market cap of $216.23 million, a PE ratio of -1.71 and a beta of 1.42. The company has a quick ratio of 0.95, a current ratio of 1.38 and a debt-to-equity ratio of 2.42. The business’s 50-day simple moving average is $0.67 and its 200-day simple moving average is $0.68.
Wall Street Analyst Weigh In
Separately, Zacks Research raised shares of TerrAscend from a “strong sell” rating to a “hold” rating in a research note on Tuesday, February 10th. One equities research analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Buy”.
TerrAscend Company Profile
TerrAscend is a vertically integrated cannabis company that operates across cultivation, processing and retailing in North America. The company’s business model spans seed-to-sale activities, enabling it to manage quality control, production efficiency and product innovation from its growing facilities through to its distribution networks. TerrAscend serves both adult-use and medical cannabis markets, offering a full suite of cannabis derivatives including dried flower, concentrates, vapes, edibles, tinctures and topicals.
Geographically, TerrAscend maintains operations in key regulated markets.
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