Green Thumb Industries (OTCMKTS:GTBIF – Get Free Report) issued its earnings results on Wednesday. The company reported $0.35 EPS for the quarter, beating analysts’ consensus estimates of $0.01 by $0.34, Zacks reports. Green Thumb Industries had a return on equity of 1.66% and a net margin of 3.77%.
Green Thumb Industries Trading Down 2.1%
GTBIF stock traded down $0.14 during trading on Wednesday, hitting $6.52. The company had a trading volume of 373,076 shares, compared to its average volume of 392,564. The company has a fifty day moving average price of $7.56 and a two-hundred day moving average price of $7.56. Green Thumb Industries has a fifty-two week low of $4.63 and a fifty-two week high of $10.43. The company has a market cap of $1.35 billion, a P/E ratio of 38.36 and a beta of 1.15.
Wall Street Analyst Weigh In
Separately, Zacks Research raised shares of Green Thumb Industries from a “strong sell” rating to a “hold” rating in a report on Tuesday, November 11th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, Green Thumb Industries currently has an average 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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