urban-gro Stock to Reverse Split on Monday, February 9th (NASDAQ:UGRO)

Shares of urban-gro, Inc. (NASDAQ:UGRO) are scheduled to reverse split on the morning of Monday, February 9th. The 1-25 reverse split was announced on Thursday, February 5th. The number of shares owned by shareholders will be adjusted after the market closes on Friday, February 6th.

urban-gro Stock Performance

Shares of urban-gro stock traded down $0.01 during trading on Thursday, reaching $0.14. The company had a trading volume of 2,253,218 shares, compared to its average volume of 556,954. urban-gro has a fifty-two week low of $0.11 and a fifty-two week high of $1.12. The firm’s fifty day moving average is $0.26 and its 200-day moving average is $0.36.

urban-gro (NASDAQ:UGRO) last posted its quarterly earnings results on Tuesday, February 3rd. The company reported ($0.31) EPS for the quarter. The company had revenue of $9.51 million during the quarter.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of urban-gro in a report on Monday, December 29th. One research analyst has rated the stock with a Strong Buy rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, urban-gro has a consensus rating of “Moderate Buy”.

Institutional Investors Weigh In On urban-gro

An institutional investor recently raised its position in urban-gro stock. Citadel Advisors LLC grew its holdings in shares of urban-gro, Inc. (NASDAQ:UGRO) by 162.4% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 72,167 shares of the company’s stock after buying an additional 44,667 shares during the period. Citadel Advisors LLC owned 0.57% of urban-gro worth $30,000 as of its most recent filing with the Securities and Exchange Commission. Hedge funds and other institutional investors own 20.56% of the company’s stock.

About urban-gro

Urban-gro, Inc is a provider of cultivation solutions for the regulated cannabis and controlled environment agriculture markets. The company specializes in engineering, procurement and construction management for both indoor and greenhouse facilities. Its core offerings include professional-grade horticultural lighting systems, fertigation and nutrient distribution equipment, HVAC and environmental control solutions, as well as site assessment and project implementation services designed to optimize plant health and yield.

Complementing its hardware solutions, Urban-gro offers the Emerald Platform, a cloud-based monitoring and management software suite.