Jushi (OTCMKTS:JUSHF) Trading Down 7.9% – Time to Sell?

Shares of Jushi Holdings Inc. (OTCMKTS:JUSHF) were down 7.9% during mid-day trading on Friday . The company traded as low as $0.4748 and last traded at $0.4837. Approximately 272,649 shares changed hands during trading, an increase of 128% from the average daily volume of 119,477 shares. The stock had previously closed at $0.5250.

Wall Street Analysts Forecast Growth

Separately, ATB Cormark Capital Markets raised shares of Jushi from a “strong sell” rating to a “strong-buy” rating in a report on Tuesday, November 4th. One analyst has rated the stock with a Strong Buy rating, Based on data from MarketBeat, Jushi has a consensus rating of “Strong Buy”.

Jushi Stock Performance

The firm has a market capitalization of $95.14 million, a PE ratio of -1.47 and a beta of -1.01. The stock’s 50-day simple moving average is $0.58 and its 200-day simple moving average is $0.62.

About Jushi

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.