TerrAscend (OTCMKTS:TSNDF – Get Free Report) posted its quarterly earnings results on Thursday. The company reported ($0.02) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.01), Zacks reports. TerrAscend had a negative return on equity of 32.93% and a negative net margin of 31.01%.
TerrAscend Stock Down 5.6%
Shares of OTCMKTS TSNDF traded down $0.03 during trading hours on Thursday, hitting $0.47. The stock had a trading volume of 421,720 shares, compared to its average volume of 312,282. The company has a market capitalization of $143.77 million, a P/E ratio of -4.23 and a beta of 1.47. The firm’s 50-day moving average price is $0.57 and its two-hundred day moving average price is $0.63. TerrAscend has a 52 week low of $0.35 and a 52 week high of $1.45. The company has a debt-to-equity ratio of 2.37, a quick ratio of 1.20 and a current ratio of 1.83.
TerrAscend Company Profile
TerrAscend Corp. is a North American cannabis company that cultivates, processes, manufactures and sells cannabis products through a combination of wholesale and retail operations. Its product portfolio includes flower, pre-rolls, concentrates, vape products, edibles, tinctures, topicals and other cannabis-derived products.
The company serves medical and adult-use cannabis markets in several U.S. states, including Pennsylvania, New Jersey, Maryland, Michigan, Ohio and California, as well as the Canadian market.
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