Green Thumb Industries (OTCMKTS:GTBIF) Stock Price Down 4.6% – Time to Sell?

Green Thumb Industries Inc. (OTCMKTS:GTBIF)’s share price was down 4.6% on Thursday . The company traded as low as $8.03 and last traded at $8.08. Approximately 675,805 shares changed hands during mid-day trading, an increase of 19% from the average daily volume of 567,086 shares. The stock had previously closed at $8.47.

Wall Street Analyst Weigh In

Separately, Benchmark reissued a “buy” rating on shares of Green Thumb Industries in a research report on Thursday, May 7th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, Green Thumb Industries currently has an average rating of “Buy”.

Green Thumb Industries Trading Down 3.7%

The company has a market cap of $1.70 billion, a PE ratio of 16.00 and a beta of 1.25. The stock has a 50 day moving average price of $7.47 and a 200 day moving average price of $7.23.

Green Thumb Industries (OTCMKTS:GTBIF) last released its earnings results on Wednesday, May 6th. The company reported $0.07 EPS for the quarter, topping the consensus estimate of $0.02 by $0.05. Green Thumb Industries had a return on equity of 5.79% and a net margin of 10.14%.The business had revenue of $300.19 million for the quarter, compared to the consensus estimate of $297.64 million. Equities analysts expect that Green Thumb Industries Inc. will post 0.1 EPS for the current fiscal year.

Green Thumb Industries Company Profile

Green Thumb Industries is a diversified cannabis consumer packaged goods company and retailer with operations spanning cultivation, manufacturing and distribution. The company develops branded cannabis products across multiple formats, including dried flower, pre-rolls, oils, concentrates, edibles and vaporizers. Its product portfolio is marketed under well-known brand names tailored to the adult-use market, and the company works with licensed cultivators and partners to ensure consistent quality and compliance with state regulations.

In addition to its branded product lines, Green Thumb Industries maintains a network of wholly owned manufacturing facilities and distribution centers that supply its retail outlets as well as independent dispensaries.