Ayr Wellness (OTCMKTS:AYRWF) Cut to “Strong Sell” at 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,Zacks.com reports.

Other equities research analysts have also recently issued reports about the stock. Roth Capital raised shares of Ayr Wellness to a “strong-buy” rating in a research report on Friday, November 8th. Roth Mkm decreased 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 report on Thursday.

Ayr Wellness Stock Down 9.3 %

Shares of Ayr Wellness stock traded down $0.08 during mid-day trading on Wednesday, hitting $0.78. 279,039 shares of the stock were exchanged, compared to its average volume of 651,722. Ayr Wellness has a twelve month low of $0.71 and a twelve month high of $4.09. The company has a 50-day simple moving average of $1.84 and a 200 day simple moving average of $2.01. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.75 and a quick ratio of 0.67.

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.