High Tide (NASDAQ:HITI) Releases Earnings Results, Misses Estimates By $0.01 EPS

High Tide (NASDAQ:HITIGet Free Report) released its earnings results on Monday. The company reported ($0.02) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.01), Zacks reports. High Tide had a negative net margin of 0.81% and a negative return on equity of 2.93%.

High Tide Stock Up 3.0 %

Shares of High Tide stock traded up $0.07 during trading on Monday, reaching $2.43. 700,503 shares of the company traded hands, compared to its average volume of 681,672. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.40 and a quick ratio of 0.92. The company has a 50 day moving average price of $2.74 and a 200-day moving average price of $2.69. High Tide has a 1-year low of $1.57 and a 1-year high of $3.62. The firm has a market capitalization of $196.63 million, a PE ratio of -81.00 and a beta of 0.48.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in High Tide stock. Bank of America Corp DE acquired a new stake in High Tide Inc. (NASDAQ:HITIFree Report) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 23,200 shares of the company’s stock, valued at approximately $72,000. 4.52% of the stock is currently owned by institutional investors.

About High Tide

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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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Earnings History for High Tide (NASDAQ:HITI)

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