Green Thumb Industries (OTCMKTS:GTBIF – Get Free Report) announced its earnings results on Tuesday. The company reported $0.02 EPS for the quarter, beating analysts’ consensus estimates of $0.01 by $0.01, Zacks reports. Green Thumb Industries had a net margin of 10.14% and a return on equity of 5.79%.
Green Thumb Industries Trading Up 2.0%
OTCMKTS GTBIF traded up $0.14 during trading hours on Tuesday, reaching $7.27. 483,438 shares of the company traded hands, compared to its average volume of 562,046. The stock has a market capitalization of $1.42 billion, a PE ratio of 14.26 and a beta of 1.26. The company has a 50 day moving average of $7.54 and a two-hundred day moving average of $7.20. Green Thumb Industries has a 12 month low of $5.29 and a 12 month high of $10.43.
Analyst Upgrades and Downgrades
Separately, Benchmark restated a “buy” rating on shares of Green Thumb Industries in a report on Thursday, May 7th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Green Thumb Industries presently has a consensus rating of “Buy”.
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.
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