Green Thumb Industries (OTCMKTS:GTBIF) Shares Up 6.8% - Should You Buy?

Shares of Green Thumb Industries Inc. (OTCMKTS:GTBIF - Get Free Report) traded up 6.8% during mid-day trading on Thursday . The stock traded as high as $6.48 and last traded at $6.30. 318,946 shares were traded 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 Trading Up 2.3%

The company has a market capitalization of $1.39 billion, a price-to-earnings ratio of 31.24 and a beta of 1.18. The company has a fifty day moving average of $5.43 and a 200-day moving average of $6.17.

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