Green Thumb Industries (OTCMKTS:GTBIF) Trading Down 7.2% - Should You Sell?

Key Points

• Green Thumb Industries (OTCMKTS:GTBIF) experienced a stock price decrease of 7.2%, closing at $8.01 with a trading volume that was 29% lower than its average.
• Despite the decline, Benchmark has maintained a "buy" rating on the company's stock, indicating confidence from analysts.
• In its most recent earnings report, Green Thumb reported a loss of ($0.01) EPS, missing expectations, but generated revenue of $293.26 million against a forecast of $280.66 million.

Green Thumb Industries Inc. (OTCMKTS:GTBIF - Get Free Report)'s stock price was down 7.2% during trading on Friday . The company traded as low as $8.01 and last traded at $8.01. Approximately 340,630 shares were traded during trading, a decline of 29% from the average daily volume of 482,912 shares. The stock had previously closed at $8.63.

Wall Street Analyst Weigh In

Separately, Benchmark reiterated a "buy" rating on shares of Green Thumb Industries in a report on Monday.

Green Thumb Industries Price Performance

The company's 50 day simple moving average is $5.97 and its 200 day simple moving average is $6.04. The firm has a market cap of $1.75 billion, a price-to-earnings ratio of 75.01 and a beta of 1.18.

Green Thumb Industries (OTCMKTS:GTBIF - Get Free Report) last issued its earnings results on Wednesday, August 6th. The company reported ($0.01) EPS for the quarter, missing analysts' consensus estimates of $0.04 by ($0.05). The firm had revenue of $293.26 million for the quarter, compared to analyst estimates of $280.66 million. Green Thumb Industries had a return on equity of 1.62% and a net margin of 2.51%. As a group, analysts forecast that Green Thumb Industries Inc. will post 0.32 earnings per share 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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