TerrAscend (OTCMKTS:TSNDF) Stock Price Down 0.5% - Time to Sell?

Key Points

• TerrAscend Corp. shares fell 0.5% to $0.79, with a trading volume decrease of 14% compared to the average.
• In Q2, the company reported a loss of ($0.03) earnings per share, missing analyst estimates by ($0.01), despite revenue of $65.01 million.
• The stock's market capitalization stands at $240.70 million, with a negative net margin of 40.86% and a debt-to-equity ratio of 1.94.

Shares of TerrAscend Corp. (OTCMKTS:TSNDF - Get Free Report) dropped 0.5% on Tuesday . The company traded as low as $0.78 and last traded at $0.79. Approximately 490,076 shares changed hands during trading, a decline of 14% from the average daily volume of 573,030 shares. The stock had previously closed at $0.79.

TerrAscend Price Performance

The stock has a fifty day moving average of $0.73 and a two-hundred day moving average of $0.48. The stock has a market capitalization of $240.70 million, a price-to-earnings ratio of -1.92 and a beta of 1.56. The company has a current ratio of 1.45, a quick ratio of 1.07 and a debt-to-equity ratio of 1.94.

TerrAscend (OTCMKTS:TSNDF - Get Free Report) last released its quarterly earnings results on Thursday, August 7th. The company reported ($0.03) earnings per share for the quarter, missing analysts' consensus estimates of ($0.02) by ($0.01). TerrAscend had a negative net margin of 40.86% and a negative return on equity of 23.19%. The business had revenue of $65.01 million for the quarter, compared to analyst estimates of $64.87 million. As a group, equities research analysts forecast that TerrAscend Corp. will post -0.14 earnings per share for the current year.

TerrAscend Company Profile

TerrAscend Corp. cultivates, processes, and sells medical and adult use cannabis in Canada and the United States. The company produces and distributes hemp-derived wellness products to retail locations; and manufactures vaporizables, concentrates, topicals, tinctures and edibles. It also operates retail dispensaries under the Apothecarium and State Flower brand names.

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