Green Thumb Industries (OTCMKTS:GTBIF) Reaches New 12-Month Low – Here’s What Happened

Green Thumb Industries Inc. (OTCMKTS:GTBIF) shares reached a new 52-week low on Thursday . The company traded as low as $6.05 and last traded at $6.05, with a volume of 226651 shares. The stock had previously closed at $6.17.

Green Thumb Industries Stock Down 1.9 %

The firm has a market capitalization of $1.28 billion, a price-to-earnings ratio of 25.21 and a beta of 1.30. The company’s fifty day moving average is $7.00 and its two-hundred day moving average is $8.61.

Green Thumb Industries (OTCMKTS:GTBIF) last posted its quarterly earnings results on Wednesday, February 26th. The company reported $0.04 earnings per share for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.02). Green Thumb Industries had a net margin of 5.38% and a return on equity of 3.39%. The company had revenue of $294.32 million during the quarter, compared to analyst estimates of $289.66 million. On average, equities research analysts expect that Green Thumb Industries Inc. will post 0.32 EPS for the current 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.