Jushi (OTCMKTS:JUSHF) Announces Earnings Results

Jushi (OTCMKTS:JUSHF) released its earnings results on Tuesday. The company reported ($0.04) EPS for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.02, Zacks reports.

Jushi Stock Down 6.2%

Jushi stock traded down $0.03 during mid-day trading on Tuesday, hitting $0.39. 79,992 shares of the company’s stock were exchanged, compared to its average volume of 157,371. The company’s 50 day simple moving average is $0.47 and its 200-day simple moving average is $0.50. The firm has a market capitalization of $77.04 million, a P/E ratio of -1.07 and a beta of -0.70. Jushi has a fifty-two week low of $0.35 and a fifty-two week high of $0.98.

Wall Street Analyst Weigh In

Separately, ATB Cormark Capital Markets downgraded Jushi from a “strong-buy” rating to a “moderate buy” rating in a research note on Wednesday, April 1st. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat, the company presently has a consensus rating of “Buy”.

Jushi Company Profile

Jushi Holdings Inc is a vertically integrated cannabis company engaged in the cultivation, manufacturing and sale of cannabis products across the United States. The company operates cultivation and processing facilities that support a diversified portfolio of consumer brands, serving both medical and adult-use markets. Through its in-house operations, Jushi produces hand-trimmed flower, pre-rolls, vaporizers, concentrates, edibles and topicals.

Jushi’s brand lineup includes Foray, Levia and Beboe, each designed to address distinct consumer preferences and consumption occasions.