Ayr Wellness (OTCMKTS:AYRWF) Downgraded to “Strong Sell” Rating by Atb Cap Markets

Atb Cap Markets lowered shares of Ayr Wellness (OTCMKTS:AYRWF) from a hold rating to a strong sell rating in a report issued on Wednesday morning,Zacks.com reports.

Other analysts have also recently issued research reports about the company. Roth Mkm dropped their price objective on Ayr Wellness from $3.50 to $3.00 and set a “buy” rating on the stock in a report on Thursday. Roth Capital upgraded Ayr Wellness to a “strong-buy” rating in a research report on Friday, November 8th.

Ayr Wellness Price Performance

AYRWF opened at $0.77 on Wednesday. The firm has a 50-day moving average price of $1.82 and a 200-day moving average price of $2.00. Ayr Wellness has a twelve month low of $0.71 and a twelve month high of $4.09. The company has a quick ratio of 0.67, a current ratio of 1.75 and a debt-to-equity ratio of 0.70. The company has a market capitalization of $87.90 million, a price-to-earnings ratio of -0.35 and a beta of 2.00.

Ayr Wellness Company Profile

Ayr Wellness Inc operates as a vertically-integrated multi-state cannabis operator that cultivates, manufactures, and retails cannabis products and branded cannabis packaged goods. It owns and operates a chain of cannabis retail stores under AYR, Liberty Health Sciences, and The Dispensary brand names.