Green Thumb Industries (OTCMKTS:GTBIF) Stock Price Down 2.9%

Green Thumb Industries Inc. (OTCMKTS:GTBIF)’s share price dropped 2.9% during trading on Monday . The company traded as low as $11.95 and last traded at $12.01. Approximately 143,116 shares changed hands during trading, a decline of 70% from the average daily volume of 483,737 shares. The stock had previously closed at $12.37.

Wall Street Analyst Weigh In

Separately, Needham & Company LLC upped their target price on shares of Green Thumb Industries from $11.00 to $15.50 and gave the company a “buy” rating in a report on Thursday, February 29th.

Green Thumb Industries Stock Performance

The company has a market capitalization of $2.53 billion, a price-to-earnings ratio of 80.07 and a beta of 1.67. The company has a fifty day simple moving average of $13.27 and a two-hundred day simple moving average of $11.69.

Green Thumb Industries (OTCMKTS:GTBIF) last released its earnings results on Wednesday, February 28th. The company reported $0.01 EPS for the quarter, missing the consensus estimate of $0.05 by ($0.04). Green Thumb Industries had a net margin of 3.44% and a return on equity of 2.13%. The business had revenue of $278.23 million during the quarter, compared to analyst estimates of $270.07 million. As a group, analysts expect that Green Thumb Industries Inc. will post 0.26 EPS for the current year.

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.