Green Thumb Industries (OTCMKTS:GTBIF) Shares Down 6.2% – Time to Sell?

Green Thumb Industries Inc. (OTCMKTS:GTBIF)’s share price dropped 6.2% during mid-day trading on Monday . The company traded as low as $7.01 and last traded at $7.13. 614,480 shares were traded during trading, an increase of 10% from the average session volume of 560,277 shares. The stock had previously closed at $7.60.

Wall Street Analyst Weigh In

Separately, Benchmark reissued a “buy” rating on shares of Green Thumb Industries in a research note on Thursday, May 7th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, Green Thumb Industries presently has an average rating of “Buy”.

Green Thumb Industries Stock Down 5.7%

The business has a 50-day moving average price of $7.72 and a 200-day moving average price of $7.36. The firm has a market capitalization of $1.49 billion, a PE ratio of 14.06 and a beta of 1.25.

Green Thumb Industries (OTCMKTS:GTBIF) last posted its quarterly earnings results on Wednesday, May 6th. The company reported $0.07 EPS for the quarter, beating the consensus estimate of $0.02 by $0.05. Green Thumb Industries had a return on equity of 5.79% and a net margin of 10.14%.The firm had revenue of $300.19 million during the quarter, compared to analysts’ expectations of $297.64 million. On average, equities research analysts anticipate that Green Thumb Industries Inc. will post 0.1 earnings per share for the current year.

About Green Thumb Industries

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.