Green Thumb Industries (OTCMKTS:GTBIF) Shares Gap Down – Time to Sell?

Shares of Green Thumb Industries Inc. (OTCMKTS:GTBIF) gapped down before the market opened on Friday . The stock had previously closed at $8.01, but opened at $7.65. Green Thumb Industries shares last traded at $8.01, with a volume of 23,036 shares.

Analysts Set New Price Targets

Separately, Benchmark restated a “buy” rating on shares of Green Thumb Industries in a report on Thursday, May 7th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, Green Thumb Industries has a consensus rating of “Buy”.

Green Thumb Industries Stock Up 1.1%

The firm has a fifty day moving average price of $7.11 and a 200 day moving average price of $7.10. The company has a market cap of $1.68 billion, a P/E ratio of 15.88 and a beta of 1.27.

Green Thumb Industries (OTCMKTS:GTBIF) last posted its quarterly earnings results on Wednesday, May 6th. The company reported $0.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.02 by $0.05. The business had revenue of $300.19 million for the quarter, compared to analysts’ expectations of $297.64 million. Green Thumb Industries had a return on equity of 5.79% and a net margin of 10.14%. On average, sell-side analysts anticipate that Green Thumb Industries Inc. will post 0.1 earnings per share for the current year.

About Green Thumb Industries

Green Thumb Industries is a diversified cannabis consumer packaged goods company and retailer with operations spanning cultivation, manufacturing and distribution. The company develops branded cannabis products across multiple formats, including dried flower, pre-rolls, oils, concentrates, edibles and vaporizers. Its product portfolio is marketed under well-known brand names tailored to the adult-use market, and the company works with licensed cultivators and partners to ensure consistent quality and compliance with state regulations.

In addition to its branded product lines, Green Thumb Industries maintains a network of wholly owned manufacturing facilities and distribution centers that supply its retail outlets as well as independent dispensaries.