Green Thumb Industries (OTCMKTS:GTBIF) Sets New 12-Month Low – Here’s Why

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

Green Thumb Industries Trading Down 1.7 %

The stock has a market cap of $1.26 billion, a PE ratio of 24.79 and a beta of 1.30. The company has a fifty day moving average of $6.94 and a 200-day moving average of $8.57.

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 business had revenue of $294.32 million during the quarter, compared to analyst estimates of $289.66 million. As a group, research analysts anticipate that Green Thumb Industries Inc. will post 0.32 earnings per share 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.