Jushi (OTCMKTS:JUSHF) Stock Rating Lowered by ATB Cormark Capital Markets

Jushi (OTCMKTS:JUSHF) was downgraded by equities researchers at ATB Cormark Capital Markets from a “strong-buy” rating to a “moderate buy” rating in a research note issued to investors on Wednesday,Zacks.com reports.

Jushi Trading Up 3.9%

Shares of JUSHF opened at $0.54 on Wednesday. The company’s fifty day simple moving average is $0.51 and its 200-day simple moving average is $0.58. The company has a market cap of $106.20 million, a P/E ratio of -1.54 and a beta of -0.80. Jushi has a twelve month low of $0.23 and a twelve month high of $0.98.

Jushi (OTCMKTS:JUSHF) last released its quarterly earnings results on Tuesday, March 31st. The company reported ($0.08) EPS for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.02). The company had revenue of $68.34 million for the quarter, compared to analysts’ expectations of $67.50 million. Analysts predict that Jushi will post -0.23 earnings per share for the current fiscal 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.