Green Thumb Industries (OTCMKTS:GTBIF) Upgraded at Zacks Research

Zacks Research upgraded shares of Green Thumb Industries (OTCMKTS:GTBIF) from a strong sell rating to a hold rating in a research note published on Tuesday morning,Zacks.com reports.

Other analysts also recently issued reports about the company. Benchmark restated a “buy” rating on shares of Green Thumb Industries in a research note on Monday, August 11th. Canaccord Genuity Group raised Green Thumb Industries to a “strong-buy” rating in a report on Thursday, October 9th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Buy”.

Green Thumb Industries Stock Performance

Shares of GTBIF opened at $6.65 on Tuesday. The firm has a market cap of $1.38 billion, a P/E ratio of 39.12 and a beta of 1.18. Green Thumb Industries has a 52 week low of $4.63 and a 52 week high of $10.01. The firm’s 50-day simple moving average is $7.75 and its 200 day simple moving average is $6.77.

Green Thumb Industries (OTCMKTS:GTBIF) last issued its quarterly earnings data on Wednesday, November 5th. The company reported $0.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.03 by $0.01. Green Thumb Industries had a return on equity of 1.66% and a net margin of 3.77%.The company had revenue of $291.37 million during the quarter, compared to analysts’ expectations of $290.98 million. As a group, equities analysts forecast that Green Thumb Industries will post 0.32 earnings per share 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.