Jushi (OTCMKTS:JUSHF) Trading Up 12.8% – Here’s What Happened

Jushi Holdings Inc. (OTCMKTS:JUSHF)’s share price traded up 12.8% during mid-day trading on Tuesday . The stock traded as high as $0.32 and last traded at $0.31. 296,578 shares were traded during trading, an increase of 14% from the average session volume of 260,810 shares. The stock had previously closed at $0.28.

Wall Street Analysts Forecast Growth

Separately, Atb Cap Markets cut shares of Jushi from a “hold” rating to a “strong sell” rating in a research report on Monday, December 9th.

Jushi Trading Up 12.8 %

The company has a market capitalization of $61.15 million, a P/E ratio of -1.15 and a beta of -1.22. The stock has a 50 day moving average price of $0.36 and a 200 day moving average price of $0.49.

Jushi (OTCMKTS:JUSHF) last posted its earnings results on Thursday, November 7th. The company reported ($0.08) EPS for the quarter, missing the consensus estimate of ($0.04) by ($0.04). Jushi had a negative net margin of 20.93% and a negative return on equity of 5,529.11%. The firm had revenue of $61.61 million during the quarter, compared to the consensus estimate of $65.53 million. On average, research analysts predict that Jushi Holdings Inc. will post -0.23 EPS for the current year.

Jushi Company Profile

Jushi Holdings Inc, a vertically integrated cannabis company, engages in the cultivation, processing, retail, and distribution of cannabis for medical and adult-use markets. The company offers flower, extracts, concentrates, edibles, oil, pre-rolls, tinctures, capsules, softgels, cannabis-infused gummies and ultra-premium chocolate, and topicals products, as well as vaporization devices and cartridges under The Bank, The Lab, Nira+ Medicinals, Sèchè, Tasteology, and Hijinks brands.