Zacks Investment Research upgraded shares of Ayr Wellness (OTCMKTS:AYRWF – Get Rating) from a promote ranking to a maintain ranking in a report issued on Wednesday, Zacks.com studies.
AYRWF has been the topic of a number of different studies. Canaccord Genuity Group dropped their worth goal on Ayr Wellness from C$57.00 to C$40.00 and set a purchase ranking for the corporate in a analysis report on Friday, March 18th. Needham & Firm LLC lowered their worth goal on Ayr Wellness from $28.00 to $21.00 and set a purchase ranking on the inventory in a analysis observe on Friday, March 18th. Lastly, Cantor Fitzgerald lowered their worth goal on Ayr Wellness from $17.50 to $13.30 and set a impartial ranking on the inventory in a analysis observe on Friday, March 18th. Two equities analysis analysts have rated the inventory with a maintain ranking and 5 have given a purchase ranking to the corporate. In line with MarketBeat, Ayr Wellness presently has a consensus ranking of Purchase and a mean worth goal of $48.55.
Shares of OTCMKTS:AYRWF opened at $4.97 on Wednesday. Ayr Wellness has a 12-month low of $4.61 and a 12-month excessive of $31.87. The enterprise has a 50 day transferring common of $10.59 and a two-hundred day transferring common of $14.31. The corporate has a debt-to-equity ratio of 0.37, a present ratio of 1.75 and a fast ratio of 1.13.
Ayr Wellness (OTCMKTS:AYRWF – Get Rating) final introduced its quarterly earnings outcomes on Thursday, March seventeenth. The corporate reported ($0.27) earnings per share (EPS) for the quarter, lacking analysts’ consensus estimates of ($0.22) by ($0.05). The corporate had income of $111.77 million throughout the quarter, in comparison with analyst estimates of $105.55 million. Ayr Wellness had a detrimental internet margin of 4.74% and a detrimental return on fairness of 6.15%. As a bunch, equities analysts anticipate that Ayr Wellness will submit -0.89 earnings per share for the present yr.
About Ayr Wellness (Get Rating)
Ayr Wellness Inc, a vertically-integrated hashish multi-state operator, cultivates, manufactures, and retails hashish merchandise and branded hashish packaged items. The corporate’s hashish and hashish merchandise embrace concentrates, edibles, and vaporizer merchandise. It additionally supplies administrative, consulting, and operations assist providers to licensed hashish firms.
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