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

High Tide (NASDAQ:HITI - Get Free Report) issued its earnings results on Wednesday. The company reported ($0.04) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.02) by ($0.02), Zacks reports. High Tide had a negative net margin of 6.14% and a positive return on equity of 2.06%.

High Tide Stock Performance

Shares of NASDAQ:HITI traded down $0.24 during midday trading on Thursday, reaching $2.72. 1,732,588 shares of the company traded hands, compared to its average volume of 714,885. The company has a quick ratio of 0.78, a current ratio of 1.26 and a debt-to-equity ratio of 0.20. High Tide has a 12 month low of $1.57 and a 12 month high of $3.62. The firm has a market capitalization of $220.05 million, a price-to-earnings ratio of -9.71 and a beta of 0.48. The firm's fifty day moving average price is $3.11 and its two-hundred day moving average price is $2.53.

Analyst Ratings Changes

Separately, Roth Capital upgraded High Tide to a "strong-buy" rating in a research note 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.