High Tide (NASDAQ:HITI – Get Free Report) posted its quarterly earnings results on Wednesday. The company reported ($0.04) EPS for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.02), Zacks reports. High Tide had a negative net margin of 6.14% and a positive return on equity of 2.06%.
High Tide Stock Performance
Shares of HITI stock traded up $0.04 during trading hours on Wednesday, reaching $2.96. The company had a trading volume of 896,565 shares, compared to its average volume of 658,576. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.78 and a current ratio of 1.26. The business has a fifty day moving average price of $3.10 and a 200-day moving average price of $2.53. High Tide has a one year low of $1.57 and a one year high of $3.62. The firm has a market cap of $239.46 million, a PE ratio of -10.57 and a beta of 0.48.
Wall Street Analysts Forecast Growth
Separately, Roth Capital upgraded High Tide to a “strong-buy” rating in a research note 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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