urban-gro (NASDAQ:UGRO) Posts Earnings Results

urban-gro (NASDAQ:UGRO) announced its quarterly earnings results on Tuesday. The company reported ($9.48) EPS for the quarter, Zacks reports. The company had revenue of $2.38 million during the quarter.

urban-gro Stock Performance

UGRO stock traded down $0.57 during midday trading on Wednesday, reaching $2.66. The company’s stock had a trading volume of 1,341,696 shares, compared to its average volume of 126,176. urban-gro has a 1 year low of $2.60 and a 1 year high of $21.50. The firm has a market capitalization of $1.82 million, a price-to-earnings ratio of -0.04 and a beta of 1.84. The stock has a fifty day simple moving average of $5.92 and a two-hundred day simple moving average of $8.44.

Institutional Investors Weigh In On urban-gro

An institutional investor recently raised its position in urban-gro stock. Citadel Advisors LLC boosted its position in shares of urban-gro, Inc. (NASDAQ:UGRO) by 162.4% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 72,167 shares of the company’s stock after acquiring 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 & Exchange Commission. 20.56% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of urban-gro in a research report on Monday, December 29th. One equities research analyst has rated the stock with a Strong Buy rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy”.

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.