Jushi (OTCMKTS:JUSHF) Issues Quarterly Earnings Results, Beats Estimates By $0.02 EPS

Jushi (OTCMKTS:JUSHF) posted its quarterly earnings results on Tuesday. The company reported ($0.04) EPS for the quarter, beating the consensus estimate of ($0.06) by $0.02, Zacks reports. The firm had revenue of $71.30 million during the quarter, compared to analyst estimates of $67.47 million.

Jushi Stock Down 6.2%

Shares of JUSHF stock opened at $0.39 on Wednesday. The company has a market capitalization of $77.04 million, a P/E ratio of -1.07 and a beta of -0.70. Jushi has a 12-month low of $0.35 and a 12-month high of $0.98. The firm has a 50-day moving average price of $0.47 and a 200 day moving average price of $0.50.

Analyst Upgrades and Downgrades

Separately, ATB Cormark Capital Markets downgraded shares of 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 data from MarketBeat, Jushi presently has an average 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.