Green Thumb Industries (OTCMKTS:GTBIF) Shares Gap Up – Should You Buy?

Green Thumb Industries Inc. (OTCMKTS:GTBIF) gapped up prior to trading on Friday . The stock had previously closed at $8.81, but opened at $9.39. Green Thumb Industries shares last traded at $9.15, with a volume of 71,981 shares trading hands.

Analyst Ratings Changes

Separately, Benchmark reissued a “buy” rating on shares of Green Thumb Industries in a research note on Monday, August 11th. Two analysts have rated the stock with a Strong Buy rating and one has given a Buy rating to the stock. Based on data from MarketBeat, Green Thumb Industries currently has an average rating of “Strong Buy”.

Green Thumb Industries Stock Performance

The company has a 50 day moving average of $6.71 and a 200 day moving average of $6.13. The stock has a market capitalization of $1.84 billion, a price-to-earnings ratio of 79.01 and a beta of 1.18.

Green Thumb Industries (OTCMKTS:GTBIF) last posted its quarterly earnings data on Wednesday, August 6th. The company reported ($0.01) EPS for the quarter, missing the consensus estimate of $0.04 by ($0.05). The firm had revenue of $293.26 million during the quarter, compared to analyst estimates of $280.66 million. Green Thumb Industries had a net margin of 2.51% and a return on equity of 1.62%. On average, equities 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.