Green Thumb Industries Inc. (OTCMKTS:GTBIF – Get Rating) shares reached a new 52-week low during mid-day trading on Thursday . The stock traded as low as $7.82 and last traded at $8.00, with a volume of 393204 shares trading hands. The stock had previously closed at $8.20.
Several equities analysts have issued reports on GTBIF shares. Craig Hallum lowered their target price on shares of Green Thumb Industries from $35.00 to $25.00 in a research note on Thursday, May 5th. Echelon Wealth Partners reiterated a “buy” rating on shares of Green Thumb Industries in a research note on Thursday, May 5th. Alliance Global Partners lowered their price objective on shares of Green Thumb Industries from C$40.00 to C$38.00 in a research note on Thursday, May 5th. Finally, Needham & Company LLC lowered their price objective on shares of Green Thumb Industries from $33.00 to $26.00 in a research note on Thursday, May 5th. Nine analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of $48.27.
The company’s fifty day moving average is $11.34 and its 200-day moving average is $16.18. The company has a market capitalization of $1.88 billion and a PE ratio of 19.93.
Green Thumb Industries Company Profile (OTCMKTS:GTBIF)
Green Thumb Industries Inc engages in manufacture, distribution, and sale of various cannabis products for medical and adult-use in the United States. It offers cannabis flower; and processed and packaged products, including pre-rolls, concentrates, vapes, tinctures, edibles, topicals, and other cannabis-related products under the Beboe, Dogwalkers, Doctor Solomon's, Good Green, incredibles, and RHYTHM brands.
- Get a free copy of the StockNews.com research report on Green Thumb Industries (GTBIF)
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