Green Thumb Industries (OTCMKTS:GTBIF) Stock Price Down 2% – Time to Sell?

Green Thumb Industries Inc. (OTCMKTS:GTBIF) shares dropped 2% on Wednesday . The stock traded as low as $5.72 and last traded at $5.77. Approximately 267,219 shares changed hands during mid-day trading, a decline of 36% from the average daily volume of 417,127 shares. The stock had previously closed at $5.88.

Green Thumb Industries Stock Performance

The company has a fifty day simple moving average of $5.42 and a two-hundred day simple moving average of $6.16. The company has a market capitalization of $1.22 billion, a price-to-earnings ratio of 27.45 and a beta of 1.18.

Green Thumb Industries (OTCMKTS:GTBIF) last announced 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 company had revenue of $279.54 million during the quarter, compared to analyst estimates of $283.36 million. Green Thumb Industries had a net margin of 4.41% and a return on equity of 2.82%. As a group, analysts expect that Green Thumb Industries Inc. will post 0.32 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.