TerrAscend Corp. (OTCMKTS:TSNDF - Get Free Report) shares traded up 3.6% on Wednesday . The stock traded as high as $0.27 and last traded at $0.26. 235,045 shares changed hands during trading, a decline of 54% from the average session volume of 507,821 shares. The stock had previously closed at $0.25.
Wall Street Analysts Forecast Growth
Separately, Atb Cap Markets raised shares of TerrAscend from a "hold" rating to a "strong-buy" rating in a research report on Thursday, May 8th.
View Our Latest Stock Report on TerrAscend
TerrAscend Stock Down 2.2%
The firm has a market cap of $76.96 million, a PE ratio of -0.93 and a beta of 1.43. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.70 and a current ratio of 1.31. The company's 50-day simple moving average is $0.33 and its two-hundred day simple moving average is $0.45.
TerrAscend (OTCMKTS:TSNDF - Get Free Report) last announced its quarterly earnings results on Thursday, May 8th. The company reported ($0.05) earnings per share for the quarter, missing the consensus estimate of ($0.03) by ($0.02). The firm had revenue of $71.00 million for the quarter, compared to analysts' expectations of $71.63 million. TerrAscend had a negative net margin of 25.27% and a negative return on equity of 20.23%. On average, analysts predict that TerrAscend Corp. will post -0.14 earnings per share for the current fiscal year.
TerrAscend Company Profile
(
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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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