Green Thumb Industries (OTCMKTS:GTBIF) Trading Down 2.9% – Here’s Why

Shares of Green Thumb Industries Inc. (OTCMKTS:GTBIF) fell 2.9% during mid-day trading on Tuesday . The stock traded as low as $5.20 and last traded at $5.24. 216,770 shares were traded during trading, a decline of 51% from the average session volume of 440,720 shares. The stock had previously closed at $5.40.

Green Thumb Industries Trading Down 2.9%

The firm has a 50-day moving average price of $5.53 and a 200-day moving average price of $6.82. The company has a market capitalization of $1.11 billion, a price-to-earnings ratio of 21.85 and a beta of 1.17.

Green Thumb Industries (OTCMKTS:GTBIF) last posted its quarterly earnings results on Wednesday, May 7th. The company reported $0.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.05 by ($0.01). The business had revenue of $279.54 million during the quarter, compared to analyst estimates of $283.36 million. Green Thumb Industries had a return on equity of 3.39% and a net margin of 5.38%. Equities research analysts predict that Green Thumb Industries Inc. will post 0.32 EPS for the current fiscal 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.