Trees (OTCMKTS:CANN) Stock Price Crosses Below 50-Day Moving Average of $0.08

Shares of Trees Co. (OTCMKTS:CANN) passed below its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $0.08 and traded as low as $0.08. Trees shares last traded at $0.08, with a volume of 145,572 shares trading hands.

Trees Stock Performance

The company has a current ratio of 0.32, a quick ratio of 0.20 and a debt-to-equity ratio of 21.81. The firm has a market capitalization of $9.67 million, a P/E ratio of -1.14 and a beta of 0.04. The business’s 50 day simple moving average is $0.08 and its two-hundred day simple moving average is $0.09.

Trees (OTCMKTS:CANN) last announced its quarterly earnings data on Wednesday, April 10th. The company reported ($0.02) earnings per share for the quarter. Trees had a negative return on equity of 615.40% and a negative net margin of 39.04%. The firm had revenue of $3.82 million during the quarter.

About Trees

Trees Corporation provides products and services to the regulated cannabis industry in the United States. The company operates through Retail and Cultivation segments. It operates a licensed 17,000 square foot light deprivation greenhouse cultivation facility; and retail dispensary store in Englewood, Colorado, as well as retail stores in Portland, Oregon.