Hillsdale Investment Management Inc. purchased a new stake in High Tide Inc. (NASDAQ:HITI - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 704,892 shares of the company's stock, valued at approximately $1,134,000. Hillsdale Investment Management Inc. owned about 0.90% of High Tide as of its most recent SEC filing.
Separately, JW Asset Management LLC acquired a new position in shares of High Tide in the third quarter valued at approximately $139,000. 4.52% of the stock is currently owned by institutional investors and hedge funds.
High Tide Stock Up 9.6 %
Shares of NASDAQ HITI traded up $0.21 during midday trading on Tuesday, hitting $2.39. 1,060,268 shares of the company's stock were exchanged, compared to its average volume of 577,116. The firm's fifty day simple moving average is $2.16 and its 200-day simple moving average is $1.83. The company has a market cap of $189.61 million, a PE ratio of -7.24 and a beta of 0.44. High Tide Inc. has a twelve month low of $1.14 and a twelve month high of $2.85. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.13 and a quick ratio of 0.69.
High Tide (NASDAQ:HITI - Get Free Report) last released its quarterly earnings data on Monday, March 18th. The company reported ($0.01) earnings per share for the quarter, topping analysts' consensus estimates of ($0.03) by $0.02. High Tide had a negative net margin of 7.46% and a negative return on equity of 2.03%. The company had revenue of $94.76 million for the quarter, compared to analysts' expectations of $94.43 million. During the same quarter last year, the company earned ($0.05) earnings per share.
Analyst Upgrades and Downgrades
A number of research firms have recently weighed in on HITI. TheStreet raised High Tide from a "d" rating to a "c-" rating in a research report on Friday, March 15th. Roth Mkm reiterated a "buy" rating and issued a $4.50 price target on shares of High Tide in a research note on Monday, March 25th.
View Our Latest Research Report on HITI
High Tide Company Profile
(
Free Report)
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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