Green Thumb Industries (OTCMKTS:GTBIF) Stock Price Up 5.7% – Time to Buy?

Green Thumb Industries Inc. (OTCMKTS:GTBIF) shot up 5.7% on Monday . The company traded as high as $6.27 and last traded at $6.27. 206,316 shares traded hands during mid-day trading, a decline of 57% from the average session volume of 476,359 shares. The stock had previously closed at $5.93.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on GTBIF. Canaccord Genuity Group raised Green Thumb Industries to a “strong-buy” rating in a report on Thursday, October 9th. Benchmark reissued a “buy” rating on shares of Green Thumb Industries in a research report on Monday, August 11th. Finally, Zacks Research raised Green Thumb Industries from a “strong sell” rating to a “hold” rating in a research report on Tuesday, November 11th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Buy”.

Green Thumb Industries Trading Up 1.3%

The stock has a market cap of $1.34 billion, a PE ratio of 37.94 and a beta of 1.20. The business has a 50-day moving average price of $7.23 and a 200 day moving average price of $6.78.

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 the consensus estimate of $0.03 by $0.01. The company had revenue of $291.37 million during the quarter, compared to analyst estimates of $290.98 million. Green Thumb Industries had a return on equity of 1.66% and a net margin of 3.77%. On average, equities analysts predict that Green Thumb Industries Inc. will post 0.32 earnings per share for the current year.

About Green Thumb Industries

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.