TerrAscend (OTCMKTS:TSNDF) Trading 0.6% Higher - Time to Buy?

TerrAscend Corp. (OTCMKTS:TSNDF - Get Free Report) was up 0.6% during mid-day trading on Friday . The company traded as high as $0.38 and last traded at $0.37. Approximately 247,890 shares were traded during trading, a decline of 61% from the average daily volume of 642,178 shares. The stock had previously closed at $0.37.

Wall Street Analyst Weigh In

Separately, Atb Cap Markets raised TerrAscend from a "hold" rating to a "strong-buy" rating in a research report on Thursday, May 8th.

TerrAscend Stock Up 0.6%

The firm has a market capitalization of $110.63 million, a price-to-earnings ratio of -1.38 and a beta of 1.55. The stock has a 50 day moving average of $0.36 and a 200 day moving average of $0.52. The company has a quick ratio of 0.69, a current ratio of 1.35 and a debt-to-equity ratio of 0.81.

TerrAscend (OTCMKTS:TSNDF - Get Free Report) last posted its quarterly earnings results on Thursday, May 8th. The company reported ($0.05) EPS for the quarter, missing analysts' consensus estimates of ($0.03) by ($0.02). The firm had revenue of $71.00 million during the quarter, compared to analyst estimates of $71.63 million. TerrAscend had a negative return on equity of 31.48% and a negative net margin of 23.95%. As a group, analysts expect that TerrAscend Corp. will post -0.14 earnings per share for the current fiscal 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.