Green Thumb Industries (OTCMKTS:GTBIF) Raised to “Strong-Buy” at Roth Capital

Green Thumb Industries (OTCMKTS:GTBIF) was upgraded by analysts at Roth Capital to a “strong-buy” rating in a research report issued on Sunday,Zacks.com reports.

Other analysts have also issued research reports about the company. Craig Hallum raised Green Thumb Industries to a “strong-buy” rating in a research report on Monday, September 16th. Ventum Cap Mkts raised Green Thumb Industries to a “strong-buy” rating in a report on Tuesday, August 6th. Three research analysts have rated the stock with a buy rating and three have assigned a strong buy rating to the company. Based on data from MarketBeat, Green Thumb Industries has a consensus rating of “Strong Buy” and an average target price of $16.50.

Green Thumb Industries Trading Down 12.5 %

GTBIF stock traded down $1.12 during midday trading on Friday, reaching $7.80. The stock had a trading volume of 1,941,637 shares, compared to its average volume of 462,275. Green Thumb Industries has a 52-week low of $7.50 and a 52-week high of $16.33. The company has a market cap of $1.65 billion, a price-to-earnings ratio of 28.90 and a beta of 1.40. The company’s fifty day simple moving average is $10.26 and its 200 day simple moving average is $11.14.

Green Thumb Industries (OTCMKTS:GTBIF) last announced its quarterly earnings results on Thursday, November 7th. The company reported $0.04 earnings per share for the quarter, missing the consensus estimate of $0.06 by ($0.02). The firm had revenue of $286.87 million for the quarter, compared to analyst estimates of $283.96 million. Green Thumb Industries had a net margin of 5.38% and a return on equity of 3.39%. Sell-side analysts predict that Green Thumb Industries 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.