Green Thumb Industries (OTCMKTS:GTBIF) Shares Down 2.9%

Green Thumb Industries Inc. (OTCMKTS:GTBIF - Get Free Report)'s stock price fell 2.9% during trading on Monday . The company traded as low as $11.95 and last traded at $12.01. 143,116 shares traded hands during trading, a decline of 70% from the average session volume of 483,737 shares. The stock had previously closed at $12.37.

Wall Street Analysts Forecast Growth

Separately, Needham & Company LLC boosted their target price on shares of Green Thumb Industries from $11.00 to $15.50 and gave the company a "buy" rating in a report on Thursday, February 29th.

Green Thumb Industries Stock Up 1.6 %

The firm's 50-day moving average price is $13.25 and its 200 day moving average price is $11.71. The company has a market capitalization of $2.57 billion, a P/E ratio of 81.33 and a beta of 1.67.

Green Thumb Industries (OTCMKTS:GTBIF - Get Free Report) last posted its earnings results on Wednesday, February 28th. The company reported $0.01 EPS for the quarter, missing the consensus estimate of $0.05 by ($0.04). The business had revenue of $278.23 million for the quarter, compared to the consensus estimate of $270.07 million. Green Thumb Industries had a return on equity of 2.13% and a net margin of 3.44%. As a group, equities research analysts expect that Green Thumb Industries Inc. will post 0.26 EPS for the current 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.