Green Thumb Industries (OTCMKTS:GTBIF) Sees Strong Trading Volume – Still a Buy?

Green Thumb Industries Inc. (OTCMKTS:GTBIF) shares saw strong trading volume on Monday . 412,239 shares changed hands during trading, a decline of 15% from the previous session’s volume of 486,574 shares.The stock last traded at $9.50 and had previously closed at $9.6950.

Analysts Set New Price Targets

Several research firms have weighed in on GTBIF. Canaccord Genuity Group upgraded shares of Green Thumb Industries to a “strong-buy” rating in a report on Thursday, October 9th. Zacks Research raised shares of Green Thumb Industries from a “strong sell” rating to a “hold” rating in a research report on Tuesday, November 11th. One 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 stock. According to data from MarketBeat, Green Thumb Industries currently has a consensus rating of “Buy”.

Green Thumb Industries Price Performance

The company has a market cap of $1.90 billion, a PE ratio of 53.95 and a beta of 1.20. The company’s 50 day simple moving average is $7.03 and its two-hundred day simple moving average is $6.86.

Green Thumb Industries (OTCMKTS:GTBIF) last released its quarterly earnings results on Wednesday, November 5th. The company reported $0.04 EPS for the quarter, topping analysts’ consensus estimates of $0.03 by $0.01. The company had revenue of $291.37 million for the quarter, compared to analysts’ expectations of $290.98 million. Green Thumb Industries had a return on equity of 1.66% and a net margin of 3.77%. Sell-side analysts expect that Green Thumb Industries Inc. will post 0.32 EPS for the current fiscal 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.