TerrAscend (OTCMKTS:TSNDF) Shares Up 4.2% – Time to Buy?

TerrAscend Corp. (OTCMKTS:TSNDF)’s stock price was up 4.2% on Thursday . The company traded as high as $0.6351 and last traded at $0.62. Approximately 131,810 shares traded hands during trading, a decline of 44% from the average session volume of 237,137 shares. The stock had previously closed at $0.5951.

TerrAscend Trading Up 4.2%

The business’s 50 day simple moving average is $0.58 and its 200 day simple moving average is $0.64. The company has a debt-to-equity ratio of 2.37, a current ratio of 1.83 and a quick ratio of 1.20. The company has a market capitalization of $191.69 million, a price-to-earnings ratio of -5.64 and a beta of 1.39.

TerrAscend (OTCMKTS:TSNDF) last announced its earnings results on Thursday, August 6th. The company reported ($0.04) earnings per share for the quarter, missing the consensus estimate of ($0.02) by ($0.02). TerrAscend had a negative return on equity of 32.93% and a negative net margin of 31.01%.The business had revenue of $67.12 million for the quarter, compared to analyst estimates of $66.05 million. Research analysts anticipate that TerrAscend Corp. will post -0.07 EPS for the current year.

TerrAscend Company Profile

TerrAscend is a vertically integrated cannabis company that operates across cultivation, processing and retailing in North America. The company’s business model spans seed-to-sale activities, enabling it to manage quality control, production efficiency and product innovation from its growing facilities through to its distribution networks. TerrAscend serves both adult-use and medical cannabis markets, offering a full suite of cannabis derivatives including dried flower, concentrates, vapes, edibles, tinctures and topicals.

Geographically, TerrAscend maintains operations in key regulated markets.