Green Thumb Industries (OTCMKTS:GTBIF) Shares Down 2.9%

Green Thumb Industries Inc. (OTCMKTS:GTBIF) shares traded down 2.9% during mid-day trading on Monday . The company traded as low as $11.95 and last traded at $12.01. 143,116 shares traded hands during mid-day trading, a decline of 70% from the average session volume of 483,737 shares. The stock had previously closed at $12.37.

Analyst Ratings Changes

Separately, Needham & Company LLC upped their price objective on Green Thumb Industries from $11.00 to $15.50 and gave the company a “buy” rating in a report on Thursday, February 29th.

Green Thumb Industries Stock Performance

The company’s 50-day simple moving average is $13.25 and its 200 day simple moving average is $11.71. The company has a market cap of $2.63 billion, a PE ratio of 83.33 and a beta of 1.67.

Green Thumb Industries (OTCMKTS:GTBIF) last announced its quarterly earnings data on Wednesday, February 28th. The company reported $0.01 EPS for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.04). The company had revenue of $278.23 million for the quarter, compared to analyst estimates of $270.07 million. Green Thumb Industries had a return on equity of 2.13% and a net margin of 3.44%. Analysts forecast that Green Thumb Industries Inc. will post 0.26 EPS for the current year.

Green Thumb Industries Company Profile

Green Thumb Industries Inc manufactures, distributes, markets, and sells of cannabis products for medical and adult-use in the United States. It operates through two segments, Retail and Consumer Packaged Goods. The company offers cannabis flower; processed and packaged products, including pre-rolls, concentrates, vapes, capsules, tinctures, edibles, topicals, and other cannabis-related products under the &Shine, Beboe, Dogwalkers, Doctor Solomon's, Good Green, incredibles, and RHYTHM brands.