High Tide (NASDAQ:HITI) Issues Earnings Results

High Tide (NASDAQ:HITI) announced its quarterly earnings data on Monday. The company reported $0.01 EPS for the quarter, beating analysts’ consensus estimates of ($0.02) by $0.03, Zacks reports. The company had revenue of $96.04 million during the quarter, compared to the consensus estimate of $93.70 million. High Tide had a negative net margin of 7.07% and a negative return on equity of 1.06%. During the same quarter last year, the firm posted ($0.03) EPS.

High Tide Trading Up 1.9 %

HITI traded up $0.04 during trading on Wednesday, reaching $2.18. 198,674 shares of the company’s stock were exchanged, compared to its average volume of 536,477. The firm has a fifty day moving average price of $1.95 and a two-hundred day moving average price of $2.11. The stock has a market capitalization of $175.37 million, a PE ratio of -6.69 and a beta of 0.47. High Tide has a one year low of $1.14 and a one year high of $2.85. The company has a current ratio of 1.17, a quick ratio of 0.72 and a debt-to-equity ratio of 0.21.

Analyst Ratings Changes

A number of equities analysts recently commented on HITI shares. Roth Mkm reissued a “buy” rating and set a $4.50 price target on shares of High Tide in a research report on Wednesday. Ventum Cap Mkts raised High Tide to a “strong-buy” rating in a report on Tuesday, July 16th.

About High Tide

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.