Jushi (OTCMKTS:JUSHF) Releases Earnings Results, Beats Expectations By $0.02 EPS

Jushi (OTCMKTS:JUSHF) posted its quarterly earnings data on Tuesday. The company reported ($0.04) earnings per share for the quarter, topping the consensus estimate of ($0.06) by $0.02, Zacks reports.

Jushi Stock Performance

OTCMKTS:JUSHF traded down $0.03 on Tuesday, hitting $0.39. 79,992 shares of the stock were exchanged, compared to its average volume of 157,371. The stock has a market capitalization of $77.04 million, a price-to-earnings ratio of -1.07 and a beta of -0.70. Jushi has a 52 week low of $0.35 and a 52 week high of $0.98. The company’s 50-day moving average price is $0.47 and its 200 day moving average price is $0.50.

Analyst Ratings Changes

Separately, ATB Cormark Capital Markets lowered Jushi from a “strong-buy” rating to a “moderate buy” rating in a research report on Wednesday, April 1st. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy”.

About Jushi

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.