Jushi (OTCMKTS:JUSHF) Trading Down 19.4% – Here’s What Happened

Jushi Holdings Inc. (OTCMKTS:JUSHF)’s stock price dropped 19.4% during mid-day trading on Thursday . The stock traded as low as $0.50 and last traded at $0.50. Approximately 1,118,840 shares were traded during mid-day trading, an increase of 435% from the average daily volume of 209,183 shares. The stock had previously closed at $0.62.

Wall Street Analyst Weigh In

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 research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy”.

Jushi Trading Down 19.4%

The firm has a market capitalization of $99.85 million, a price-to-earnings ratio of -1.43 and a beta of -0.80. The company’s 50 day moving average is $0.50 and its 200-day moving average is $0.56.

Jushi (OTCMKTS:JUSHF) last issued its quarterly earnings data on Tuesday, March 31st. The company reported ($0.08) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.06) by ($0.02). The business had revenue of $68.34 million for the quarter, compared to analysts’ expectations of $67.50 million. Research analysts expect that Jushi Holdings Inc. will post -0.23 EPS for the current year.

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.