High Tide (HITI) to Release Quarterly Earnings on Friday

High Tide (NASDAQ:HITI) is projected to release its earnings data before the market opens on Friday, March 21st. Analysts expect the company to announce earnings of ($0.01) per share and revenue of $138.83 million for the quarter.

High Tide (NASDAQ:HITI) last announced its quarterly earnings data on Wednesday, January 29th. The company reported ($0.04) EPS for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.02). High Tide had a negative net margin of 0.81% and a negative return on equity of 2.93%. On average, analysts expect High Tide to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

High Tide Stock Down 4.4 %

High Tide stock opened at $2.19 on Friday. The firm’s 50 day moving average price is $2.76 and its two-hundred day moving average price is $2.68. The firm has a market cap of $177.21 million, a PE ratio of -73.00 and a beta of 0.48. High Tide has a twelve month low of $1.57 and a twelve month high of $3.62. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.92 and a current ratio of 1.40.

Institutional Trading of High Tide

A hedge fund recently bought a new stake in High Tide stock. Bank of America Corp DE purchased a new stake in High Tide Inc. (NASDAQ:HITI) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 23,200 shares of the company’s stock, valued at approximately $72,000. 4.52% of the stock is owned by hedge funds and other institutional investors.

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.