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Green Thumb Industries (OTCMKTS:GTBIF) Shares Gap Down - Here's What Happened

Green Thumb Industries logo with Medical background

Green Thumb Industries Inc. (OTCMKTS:GTBIF - Get Free Report)'s share price gapped down prior to trading on Wednesday . The stock had previously closed at $5.02, but opened at $4.88. Green Thumb Industries shares last traded at $5.08, with a volume of 11,822 shares changing hands.

Green Thumb Industries Trading Up 0.0%

The stock has a market capitalization of $1.06 billion, a P/E ratio of 23.92 and a beta of 1.17. The company has a fifty day simple moving average of $5.46 and a two-hundred day simple moving average of $6.39.

Green Thumb Industries (OTCMKTS:GTBIF - Get Free Report) last released its earnings results on Wednesday, May 7th. The company reported $0.04 earnings per share for the quarter, missing the consensus estimate of $0.05 by ($0.01). The company had revenue of $279.54 million during the quarter, compared to analyst estimates of $283.36 million. Green Thumb Industries had a net margin of 4.41% and a return on equity of 2.82%. As a group, analysts forecast that Green Thumb Industries Inc. will post 0.32 earnings per share for the current fiscal year.

About Green Thumb Industries

(Get Free Report)

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.

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