Zacks Investment Research Upgrades Ayr Wellness (OTCMKTS:AYRWF) to Hold

Zacks Investment Research upgraded shares of Ayr Wellness (OTCMKTS:AYRWF – Get Rating) from a sell rating to a hold rating in a research report report published on Wednesday, Zacks.com reports.

Other equities analysts have also recently issued reports about the company. Needham & Company LLC cut their price target on Ayr Wellness from $28.00 to $21.00 and set a buy rating for the company in a report on Friday, March 18th. Canaccord Genuity Group cut their price target on Ayr Wellness from C$57.00 to C$40.00 and set a buy rating for the company in a report on Friday, March 18th. Finally, Cantor Fitzgerald cut their price target on Ayr Wellness from $17.50 to $13.30 and set a neutral rating for the company in a report on Friday, March 18th. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, Ayr Wellness currently has a consensus rating of Buy and an average target price of $48.55.

AYRWF opened at $5.89 on Wednesday. The business’s fifty day moving average is $9.50 and its two-hundred day moving average is $13.40. The company has a current ratio of 1.75, a quick ratio of 1.13 and a debt-to-equity ratio of 0.37. Ayr Wellness has a one year low of $4.61 and a one year high of $31.87.

Ayr Wellness (OTCMKTS:AYRWF – Get Rating) last posted its earnings results on Thursday, March 17th. The company reported ($0.27) EPS for the quarter, missing analysts’ consensus estimates of ($0.22) by ($0.05). Ayr Wellness had a negative return on equity of 6.15% and a negative net margin of 4.74%. The firm had revenue of $111.77 million for the quarter, compared to analysts’ expectations of $105.55 million. Analysts forecast that Ayr Wellness will post -0.89 earnings per share for the current fiscal year.

Ayr Wellness Company Profile (Get Rating)

Ayr Wellness Inc, a vertically-integrated cannabis multi-state operator, cultivates, manufactures, and retails cannabis products and branded cannabis packaged goods. The company's cannabis and cannabis products include concentrates, edibles, and vaporizer products. It also provides administrative, consulting, and operations support services to licensed cannabis companies.

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