TerrAscend (OTCMKTS:TSNDF) Trading 4% Higher – Still a Buy?

TerrAscend Corp. (OTCMKTS:TSNDF)’s share price traded up 4% during mid-day trading on Monday . The company traded as high as $0.65 and last traded at $0.65. 417,866 shares traded hands during mid-day trading, an increase of 14% from the average session volume of 366,747 shares. The stock had previously closed at $0.6250.

Wall Street Analysts Forecast Growth

Separately, Zacks Research raised shares of TerrAscend from a “strong sell” rating to a “hold” rating in a research note on Tuesday, February 10th. Two equities research analysts have rated the stock with a Strong Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, TerrAscend currently has an average rating of “Buy”.

TerrAscend Stock Performance

The company has a debt-to-equity ratio of 2.42, a quick ratio of 0.95 and a current ratio of 1.38. The firm’s 50 day simple moving average is $0.65 and its 200-day simple moving average is $0.69. The company has a market cap of $200.48 million, a price-to-earnings ratio of -1.59 and a beta of 1.36.

About TerrAscend

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.