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

Jane Street Group LLC grew its position in High Tide Inc. (NASDAQ:HITI) by 58.8% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm 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.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the company. Roth Capital upgraded High Tide to a “strong-buy” rating in a research note on Friday, November 8th. Roth Mkm reissued a “buy” rating and issued a $4.50 price objective on shares of High Tide in a report on Wednesday, September 18th.

High Tide Stock Performance

Shares of HITI stock opened at $3.12 on Thursday. The company has a market capitalization of $252.40 million, a P/E ratio of -11.14 and a beta of 0.48. The business’s 50 day moving average is $3.03 and its two-hundred day moving average is $2.46. The company has a current ratio of 1.26, a quick ratio of 0.78 and a debt-to-equity ratio of 0.20. High Tide Inc. has a 12-month low of $1.57 and a 12-month high of $3.62.

High Tide Company Profile

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.