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Green Thumb Industries (OTCMKTS:GTBIF) Stock Price Up 6.8% - Here's What Happened

Green Thumb Industries logo with Medical background

Green Thumb Industries Inc. (OTCMKTS:GTBIF - Get Free Report) traded up 6.8% on Thursday . The company traded as high as $6.48 and last traded at $6.30. 318,946 shares traded hands during mid-day trading, a decline of 24% from the average session volume of 421,687 shares. The stock had previously closed at $5.90.

Green Thumb Industries Price Performance

The stock has a 50 day moving average price of $5.43 and a two-hundred day moving average price of $6.20. The firm has a market capitalization of $1.36 billion, a price-to-earnings ratio of 30.52 and a beta of 1.18.

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

Green Thumb Industries Company Profile

(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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