Roth Capital assumed coverage on shares of GrowGeneration (OTCMKTS:GRWG) in a research note issued to investors on Friday morning, BenzingaRatingsTable reports. The firm issued a buy rating and a $7.50 target price on the stock.
Separately, Alliance Global Partners assumed coverage on GrowGeneration in a research note on Thursday, September 19th. They issued a buy rating and a $8.00 target price on the stock.
Shares of OTCMKTS GRWG opened at $3.52 on Friday. GrowGeneration has a twelve month low of $2.05 and a twelve month high of $5.75. The stock’s 50 day moving average price is $4.70 and its 200-day moving average price is $3.77. The company has a market capitalization of $135.10 million, a PE ratio of -16.76 and a beta of 1.82. The company has a quick ratio of 3.32, a current ratio of 5.73 and a debt-to-equity ratio of 0.14.
GrowGeneration (OTCMKTS:GRWG) last announced its earnings results on Thursday, August 8th. The company reported $0.05 earnings per share for the quarter. GrowGeneration had a negative return on equity of 2.70% and a negative net margin of 3.80%. The firm had revenue of $19.48 million for the quarter. As a group, research analysts expect that GrowGeneration will post 0.02 EPS for the current fiscal year.
GrowGeneration Company Profile
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.
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