Green Thumb Industries (OTCMKTS:GTBIF) Trading Up 16.6% - Still a Buy?

Green Thumb Industries Inc. (OTCMKTS:GTBIF - Get Free Report)'s share price shot up 16.6% on Thursday . The stock traded as high as $6.30 and last traded at $6.19. 1,366,335 shares traded hands during trading, an increase of 185% from the average session volume of 479,233 shares. The stock had previously closed at $5.31.

Green Thumb Industries Stock Up 12.1 %

The company has a market capitalization of $1.40 billion, a price-to-earnings ratio of 27.50 and a beta of 1.35. The business has a fifty day simple moving average of $5.94 and a two-hundred day simple moving average of $7.58.

Green Thumb Industries (OTCMKTS:GTBIF - Get Free Report) last posted its quarterly earnings results on Wednesday, February 26th. The company reported $0.04 earnings per share (EPS) for the quarter, missing the consensus estimate 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 firm had revenue of $294.32 million during the quarter, compared to the consensus estimate of $289.66 million. As a group, equities analysts predict 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.