Jushi (OTCMKTS:JUSHF) Downgraded by Atb Cap Markets to “Strong Sell”

Atb Cap Markets downgraded shares of Jushi (OTCMKTS:JUSHF) from a hold rating to a strong sell rating in a research report report published on Monday morning,Zacks.com reports.

Jushi Price Performance

Jushi stock opened at $0.33 on Monday. The business has a 50 day moving average of $0.44 and a 200-day moving average of $0.52. Jushi has a 1 year low of $0.22 and a 1 year high of $1.09. The company has a market capitalization of $64.89 million, a P/E ratio of -1.22 and a beta of -1.22.

Jushi (OTCMKTS:JUSHF) last released its quarterly earnings results on Thursday, November 7th. The company reported ($0.08) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.04) by ($0.04). Jushi had a negative net margin of 20.93% and a negative return on equity of 5,529.11%. The business had revenue of $61.61 million for the quarter, compared to the consensus estimate of $65.53 million. Equities analysts anticipate that Jushi will post -0.23 EPS for the current year.

About Jushi

Jushi Holdings Inc, a vertically integrated cannabis company, engages in the cultivation, processing, retail, and distribution of cannabis for medical and adult-use markets. The company offers flower, extracts, concentrates, edibles, oil, pre-rolls, tinctures, capsules, softgels, cannabis-infused gummies and ultra-premium chocolate, and topicals products, as well as vaporization devices and cartridges under The Bank, The Lab, Nira+ Medicinals, Sèchè, Tasteology, and Hijinks brands.