High Tide (NASDAQ:HITI) Releases Earnings Results, Misses Estimates By $0.02 EPS

High Tide (NASDAQ:HITI) released its quarterly earnings data 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 Trading Up 1.4 %

Shares of HITI stock traded up $0.04 during trading hours on Wednesday, reaching $2.96. The company’s stock had a trading volume of 896,565 shares, compared to its average volume of 658,576. The company has a current ratio of 1.26, a quick ratio of 0.78 and a debt-to-equity ratio of 0.20. The stock has a market capitalization of $239.46 million, a P/E ratio of -10.57 and a beta of 0.48. The firm’s fifty day simple moving average is $3.10 and its 200 day simple moving average is $2.53. High Tide has a one year low of $1.57 and a one year high of $3.62.

Analysts Set New Price Targets

Separately, Roth Capital upgraded shares of High Tide to a “strong-buy” rating in a 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.