Green Thumb Industries (OTCMKTS:GTBIF) Rating Increased to Strong-Buy at Roth Capital

Roth Capital upgraded shares of Green Thumb Industries (OTCMKTS:GTBIF) to a strong-buy rating in a report published on Sunday,Zacks.com reports.

GTBIF has been the subject of several other reports. Craig Hallum upgraded Green Thumb Industries to a “strong-buy” rating in a report on Monday, September 16th. Ventum Cap Mkts upgraded shares of Green Thumb Industries to a “strong-buy” rating in a research report on Tuesday, August 6th. Three research analysts have rated the stock with a buy rating and three have given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Strong Buy” and a consensus target price of $16.50.

Green Thumb Industries Trading Down 12.5 %

OTCMKTS:GTBIF traded down $1.12 on Friday, reaching $7.80. 1,941,637 shares of the stock traded hands, compared to its average volume of 462,275. The company’s fifty day simple moving average is $10.26 and its 200 day simple moving average is $11.14. The company has a market capitalization of $1.65 billion, a price-to-earnings ratio of 28.90 and a beta of 1.40. Green Thumb Industries has a 12 month low of $7.50 and a 12 month high of $16.33.

Green Thumb Industries (OTCMKTS:GTBIF) last released its quarterly earnings data on Thursday, November 7th. The company reported $0.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.06 by ($0.02). The business had revenue of $286.87 million during the quarter, compared to the consensus estimate of $283.96 million. Green Thumb Industries had a net margin of 5.38% and a return on equity of 3.39%. Equities analysts anticipate that Green Thumb Industries will post 0.32 EPS for the current fiscal 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.