High Tide (NASDAQ:HITI – Get Free Report) announced its quarterly earnings results on Wednesday. The company reported ($0.04) EPS for the quarter, missing the consensus estimate of ($0.02) by ($0.02), Zacks reports. High Tide had a positive return on equity of 2.06% and a negative net margin of 6.14%.
High Tide Stock Performance
HITI stock traded up $0.04 on Wednesday, hitting $2.96. The company’s stock had a trading volume of 896,565 shares, compared to its average volume of 658,576. The stock has a market cap of $239.46 million, a price-to-earnings ratio of -10.57 and a beta of 0.48. The firm has a 50 day moving average of $3.10 and a two-hundred day moving average of $2.53. The company has a current ratio of 1.26, a quick ratio of 0.78 and a debt-to-equity ratio of 0.20. High Tide has a 1 year low of $1.57 and a 1 year high of $3.62.
Wall Street Analysts Forecast Growth
Separately, Roth Capital upgraded High Tide to a “strong-buy” rating in a research report on Friday, November 8th.
High Tide Company Profile
High Tide Inc engages in the cannabis retail business in Canada, the United States, and internationally. The company operates through Retail and Wholesale segments. It operates licensed retail cannabis stores; and provides data analytics services. In addition, the company manufactures and distributes consumption accessories.
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