Green Thumb Industries (OTCMKTS:GTBIF) Shares Gap Down – Should You Sell?

Green Thumb Industries Inc. (OTCMKTS:GTBIF)’s stock price gapped down before the market opened on Tuesday . The stock had previously closed at $7.64, but opened at $7.31. Green Thumb Industries shares last traded at $7.5260, with a volume of 29,428 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Benchmark reissued a “buy” rating on shares of Green Thumb Industries in a report on Thursday, May 7th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Green Thumb Industries currently has an average rating of “Buy”.

Green Thumb Industries Stock Down 3.9%

The firm has a market capitalization of $1.58 billion, a PE ratio of 14.90 and a beta of 1.25. The stock’s fifty day simple moving average is $7.72 and its 200 day simple moving average is $7.38.

Green Thumb Industries (OTCMKTS:GTBIF) last released its earnings results on Wednesday, May 6th. The company reported $0.07 earnings per share 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 company had revenue of $300.19 million for the quarter, compared to the consensus estimate of $297.64 million. On average, analysts predict that Green Thumb Industries Inc. will post 0.1 EPS 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.