High Tide (NASDAQ:HITI) Issues Quarterly Earnings Results

High Tide (NASDAQ:HITI) announced its quarterly earnings results on Monday. The company reported $0.01 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.02) by $0.03, Zacks reports. The business had revenue of $96.04 million for the quarter, compared to analyst estimates of $93.70 million. High Tide had a negative return on equity of 1.06% and a negative net margin of 7.07%. During the same quarter in the prior year, the company earned ($0.03) earnings per share.

High Tide Price Performance

HITI stock opened at $2.14 on Wednesday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.72 and a current ratio of 1.17. The business has a 50-day simple moving average of $1.95 and a two-hundred day simple moving average of $2.11. The company has a market capitalization of $172.15 million, a P/E ratio of -6.69 and a beta of 0.47. High Tide has a 52-week low of $1.14 and a 52-week high of $2.85.

Wall Street Analyst Weigh In

Separately, Ventum Cap Mkts raised shares of High Tide to a “strong-buy” rating in a research 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.