High Tide (NASDAQ:HITI) Issues Earnings Results

High Tide (NASDAQ:HITI) released its quarterly earnings data on Monday. The company reported ($0.02) earnings per share for the quarter, missing the consensus estimate 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 NASDAQ:HITI traded up $0.07 during trading on Monday, hitting $2.43. 684,410 shares of the company’s stock traded hands, compared to its average volume of 681,660. High Tide has a 52 week low of $1.57 and a 52 week high of $3.62. The company has a current ratio of 1.40, a quick ratio of 0.92 and a debt-to-equity ratio of 0.27. The company has a market cap of $196.63 million, a price-to-earnings ratio of -81.00 and a beta of 0.48. The company has a 50-day moving average price of $2.74 and a 200-day moving average price of $2.69.

Institutional Investors Weigh In On High Tide

A hedge fund recently bought a new stake in High Tide stock. Bank of America Corp DE bought a new stake in High Tide Inc. (NASDAQ:HITI) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 23,200 shares of the company’s stock, valued at approximately $72,000. Institutional investors own 4.52% of the company’s stock.

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.