Green Thumb Industries (OTCMKTS:GTBIF – Get Free Report) announced its quarterly earnings data on Wednesday. The company reported ($0.02) earnings per share for the quarter, missing the consensus estimate of $0.03 by ($0.05), Zacks reports. Green Thumb Industries had a return on equity of 6.03% and a net margin of 10.48%.
Green Thumb Industries Price Performance
OTCMKTS:GTBIF traded down $0.14 during midday trading on Wednesday, reaching $6.56. 436,421 shares of the company traded hands, compared to its average volume of 540,818. The firm has a market capitalization of $1.30 billion, a price-to-earnings ratio of 12.15 and a beta of 1.29. The company has a fifty day moving average price of $7.02 and a 200 day moving average price of $7.15. Green Thumb Industries has a twelve month low of $5.29 and a twelve month high of $10.43.
Wall Street Analyst Weigh In
Several equities analysts have recently commented on GTBIF shares. Seaport Research Partners reaffirmed a “buy” rating and set a $18.00 price target on shares of Green Thumb Industries in a research report on Thursday, August 6th. Roth Capital set a $18.00 target price on Green Thumb Industries in a report on Wednesday, August 5th. One research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, Green Thumb Industries currently has a consensus rating of “Moderate Buy” and an average price target of $18.00.
Read Our Latest Stock Analysis on GTBIF
About Green Thumb Industries
Green Thumb Industries Inc is a consumer packaged goods and retail cannabis company headquartered in Chicago, Illinois. Founded in 2014, the company develops, manufactures and distributes cannabis products for medical and adult-use markets, subject to applicable state regulations.
Its portfolio includes branded flower, pre-rolls, vape products, concentrates, edibles and other cannabis products sold under brands such as Good Green, &Shine, RYTHM, incredibles and Beboe. Green Thumb also operates retail cannabis dispensaries under the RISE brand, offering cannabis products and related accessories through its store network.
Green Thumb serves customers in multiple U.S.
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