Green Thumb Industries (OTCMKTS:GTBIF) Shares Up 5.1% – What’s Next?

Green Thumb Industries Inc. (OTCMKTS:GTBIF) shares were up 5.1% on Tuesday . The company traded as high as $8.40 and last traded at $8.26. Approximately 134,213 shares changed hands during trading, a decline of 75% from the average daily volume of 527,655 shares. The stock had previously closed at $7.86.

Analyst Ratings Changes

Several brokerages have commented on GTBIF. Zacks Research upgraded shares of Green Thumb Industries from a “strong sell” rating to a “hold” rating in a report on Tuesday, November 11th. Canaccord Genuity Group upgraded Green Thumb Industries to a “strong-buy” rating in a research note on Thursday, October 9th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, Green Thumb Industries currently has a consensus rating of “Buy”.

Green Thumb Industries Trading Up 7.0%

The firm has a 50 day moving average of $7.00 and a two-hundred day moving average of $7.10. The company has a market cap of $1.74 billion, a PE ratio of 49.46 and a beta of 1.20.

Green Thumb Industries (OTCMKTS:GTBIF) last announced its quarterly earnings data on Wednesday, November 5th. The company reported $0.04 earnings per share for the quarter, topping analysts’ consensus estimates of $0.03 by $0.01. Green Thumb Industries had a net margin of 3.77% and a return on equity of 1.66%. The company had revenue of $291.37 million during the quarter, compared to analyst estimates of $290.98 million. On average, research analysts forecast that Green Thumb Industries Inc. will post 0.32 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.