Atb Cap Markets Downgrades Ayr Wellness (OTCMKTS:AYRWF) to Strong Sell

Ayr Wellness (OTCMKTS:AYRWF) was downgraded by stock analysts at Atb Cap Markets from a “hold” rating to a “strong sell” rating in a research note issued to investors on Wednesday,Zacks.com reports.

Several other research firms have also commented on AYRWF. Roth Capital raised shares of Ayr Wellness to a “strong-buy” rating in a research report on Friday, November 8th. Roth Mkm lowered their price target on shares of Ayr Wellness from $3.50 to $3.00 and set a “buy” rating on the stock in a report on Thursday.

Ayr Wellness Trading Down 9.3 %

Shares of OTCMKTS:AYRWF traded down $0.08 during midday trading on Wednesday, reaching $0.78. 279,039 shares of the company’s stock traded hands, compared to its average volume of 651,722. The company has a current ratio of 1.75, a quick ratio of 0.67 and a debt-to-equity ratio of 0.70. The stock has a 50 day moving average of $1.84 and a 200 day moving average of $2.01. Ayr Wellness has a one year low of $0.71 and a one year high of $4.09.

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.