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

Key Points

• Green Thumb Industries' stock experienced a **gap down** on Friday, opening at **$5.52** after closing at **$5.91** the previous day.
• The company's recent quarterly earnings report indicated an **EPS of $0.04**, missing estimates, with revenues of **$279.54 million** against expectations of **$283.36 million**.
• Green Thumb Industries has a **market capitalization** of **$1.24 billion** and operates in the cannabis sector, offering a range of products under various brands.

Green Thumb Industries Inc. (OTCMKTS:GTBIF - Get Free Report)'s stock price gapped down prior to trading on Friday . The stock had previously closed at $5.91, but opened at $5.52. Green Thumb Industries shares last traded at $5.93, with a volume of 29,073 shares changing hands.

Green Thumb Industries Trading Down 1.0%

The business's fifty day moving average price is $5.49 and its 200-day moving average price is $6.01. The company has a market capitalization of $1.24 billion, a P/E ratio of 27.86 and a beta of 1.18.

Green Thumb Industries (OTCMKTS:GTBIF - Get Free Report) last released its quarterly earnings data on Wednesday, May 7th. The company reported $0.04 EPS for the quarter, missing the consensus estimate of $0.05 by ($0.01). The business had revenue of $279.54 million for the quarter, compared to the consensus estimate 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, equities research analysts forecast that Green Thumb Industries Inc. 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.

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