TerrAscend (OTCMKTS:TSNDF) Shares Down 0.4%

TerrAscend Corp. (OTCMKTS:TSNDF) shares fell 0.4% during mid-day trading on Friday . The stock traded as low as $1.36 and last traded at $1.41. 162,645 shares traded hands during mid-day trading, a decline of 57% from the average session volume of 376,695 shares. The stock had previously closed at $1.41.

TerrAscend Stock Performance

The company has a quick ratio of 0.24, a current ratio of 0.49 and a debt-to-equity ratio of 0.29. The business has a fifty day moving average price of $1.62 and a 200 day moving average price of $1.72.

TerrAscend (OTCMKTS:TSNDF) last released its earnings results on Thursday, May 9th. The company reported ($0.06) EPS for the quarter, missing the consensus estimate of ($0.03) by ($0.03). TerrAscend had a negative net margin of 26.42% and a negative return on equity of 31.76%. The firm had revenue of $80.63 million during the quarter, compared to the consensus estimate of $81.44 million. Analysts predict that TerrAscend Corp. will post -0.11 earnings per share for the current fiscal year.

About TerrAscend

TerrAscend Corp. cultivates, processes, and sells medical and adult use cannabis in Canada and the United States. The company produces and distributes hemp-derived wellness products to retail locations; and manufactures vaporizables, concentrates, topicals, tinctures and edibles. It also operates retail dispensaries under the Apothecarium and State Flower brand names.