Jane Street Group LLC Buys 13,052 Shares of High Tide Inc. (NASDAQ:HITI)

Jane Street Group LLC increased its holdings in High Tide Inc. (NASDAQ:HITI) by 58.8% in the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 35,252 shares of the company’s stock after buying an additional 13,052 shares during the quarter. Jane Street Group LLC’s holdings in High Tide were worth $72,000 at the end of the most recent reporting period.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on HITI shares. Roth Mkm restated a “buy” rating and set a $4.50 price target on shares of High Tide in a research note on Wednesday, September 18th. Roth Capital raised High Tide to a “strong-buy” rating in a research note on Friday, November 8th.

High Tide Stock Performance

NASDAQ HITI opened at $3.12 on Thursday. The company has a market cap of $252.40 million, a P/E ratio of -11.14 and a beta of 0.48. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.78 and a current ratio of 1.26. The business’s 50 day moving average price is $3.03 and its 200-day moving average price is $2.46. High Tide Inc. has a fifty-two week low of $1.57 and a fifty-two week high of $3.62.

About High Tide

High Tide Inc engages in the cannabis retail business in Canada, the United States, and internationally. The company operates through Retail and Wholesale segments. It operates licensed retail cannabis stores; and provides data analytics services. In addition, the company manufactures and distributes consumption accessories.