High Tide (NASDAQ:HITI – Get Free Report) issued its earnings results on Wednesday. The company reported ($0.04) earnings per share for the quarter, missing analysts’ consensus estimates 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 NASDAQ HITI opened at $2.96 on Thursday. The business has a 50-day simple moving average of $3.11 and a two-hundred day simple moving average of $2.53. High Tide has a 52 week low of $1.57 and a 52 week high of $3.62. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.78 and a current ratio of 1.26.
Analyst Ratings Changes
Separately, Roth Capital raised 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.
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