Ayr Wellness (OTCMKTS:AYRWF) Shares Down 9.6% – Time to Sell?

Ayr Wellness Inc. (OTCMKTS:AYRWF) shares traded down 9.6% on Monday . The stock traded as low as $0.30 and last traded at $0.30. 871,974 shares traded hands during trading, an increase of 334% from the average session volume of 200,864 shares. The stock had previously closed at $0.33.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the stock. Roth Mkm cut their target price on shares of Ayr Wellness from $3.50 to $3.00 and set a “buy” rating on the stock in a research note on Thursday, November 14th. Roth Capital upgraded shares of Ayr Wellness to a “strong-buy” rating in a report on Friday, November 8th. Finally, Atb Cap Markets cut shares of Ayr Wellness from a “hold” rating to a “strong sell” rating in a report on Wednesday, November 13th.

Ayr Wellness Stock Performance

The firm’s fifty day moving average price is $0.44 and its 200-day moving average price is $1.10. The company has a current ratio of 1.59, a quick ratio of 0.58 and a debt-to-equity ratio of 0.76. The firm has a market cap of $34.77 million, a price-to-earnings ratio of -0.13 and a beta of 1.64.

About Ayr Wellness

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.