GrowGeneration (OTCMKTS:GRWG) Shares Down 3.9%

Shares of GrowGeneration Corp (OTCMKTS:GRWG) fell 3.9% on Thursday . The company traded as low as $3.70 and last traded at $3.70, 27,086 shares traded hands during trading. A decline of 71% from the average session volume of 94,116 shares. The stock had previously closed at $3.85.

Separately, Alliance Global Partners began coverage on shares of GrowGeneration in a research note on Thursday, September 19th. They set a “buy” rating and a $8.00 target price on the stock.

The company has a fifty day moving average price of $4.82 and a two-hundred day moving average price of $3.76. The company has a quick ratio of 3.32, a current ratio of 5.73 and a debt-to-equity ratio of 0.14. The firm has a market capitalization of $135.46 million, a price-to-earnings ratio of -17.81 and a beta of 1.82.

GrowGeneration (OTCMKTS:GRWG) last announced its quarterly earnings results on Thursday, August 8th. The company reported $0.05 earnings per share for the quarter. The firm had revenue of $19.48 million for the quarter. GrowGeneration had a negative net margin of 3.80% and a negative return on equity of 2.70%. On average, equities analysts anticipate that GrowGeneration Corp will post 0.02 earnings per share for the current fiscal year.

GrowGeneration Company Profile (OTCMKTS:GRWG)

GrowGeneration Corp., through its subsidiaries, operates retail hydroponic stores. It offers farming soil, hydroponic equipment, lighting, plant nutrients, and various other products. The company serves home growers of organic vegetables and fruits, do-it yourselfers, and growers in the cannabis related markets.

Further Reading: Outstanding Shares and The Effect on Share Price

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