Green Thumb Industries (OTCMKTS:GTBIF) Announces Earnings Results

Green Thumb Industries (OTCMKTS:GTBIF) released its earnings results on Wednesday. The company reported $0.04 earnings per share for the quarter, missing the consensus estimate of $0.06 by ($0.02), Zacks reports. Green Thumb Industries had a net margin of 5.38% and a return on equity of 3.39%.

Green Thumb Industries Price Performance

Shares of GTBIF stock traded up $0.24 on Wednesday, hitting $6.98. The company’s stock had a trading volume of 123,561 shares, compared to its average volume of 471,577. The stock has a market capitalization of $1.48 billion, a price-to-earnings ratio of 29.08 and a beta of 1.32. Green Thumb Industries has a fifty-two week low of $6.60 and a fifty-two week high of $16.33. The firm’s fifty day moving average price is $7.39 and its 200-day moving average price is $9.04.

Analysts Set New Price Targets

Separately, Roth Capital upgraded shares of Green Thumb Industries to a “strong-buy” rating in a research note on Sunday, November 10th. Two investment analysts have rated the stock with a buy rating and three have issued a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of “Strong Buy” and an average target price of $16.50.

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.