urban-gro (NASDAQ:UGRO) Stock Price Up 11%

urban-gro, Inc. (NASDAQ:UGRO) shares rose 11% during mid-day trading on Thursday . The company traded as high as $1.34 and last traded at $1.31. Approximately 52,702 shares were traded during trading, a decline of 42% from the average daily volume of 90,571 shares. The stock had previously closed at $1.18.

Analysts Set New Price Targets

Separately, Craig Hallum lowered their price objective on urban-gro from $6.00 to $3.25 and set a “buy” rating for the company in a research report on Thursday, March 28th.

urban-gro Stock Up 11.0 %

The firm has a 50 day moving average of $1.58 and a 200 day moving average of $1.71. The firm has a market cap of $16.14 million, a price-to-earnings ratio of -0.96 and a beta of 2.02.

urban-gro (NASDAQ:UGRO) last released its earnings results on Tuesday, April 30th. The company reported ($0.12) EPS for the quarter. urban-gro had a negative return on equity of 53.53% and a negative net margin of 22.30%. The business had revenue of $15.54 million for the quarter.

Institutional Investors Weigh In On urban-gro

An institutional investor recently raised its position in urban-gro stock. AWM Investment Company Inc. raised its position in urban-gro, Inc. (NASDAQ:UGRO) by 69.0% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,138,861 shares of the company’s stock after buying an additional 464,781 shares during the period. AWM Investment Company Inc. owned 9.76% of urban-gro worth $1,549,000 as of its most recent filing with the SEC. 20.56% of the stock is owned by institutional investors.

urban-gro Company Profile

urban-gro, Inc engages in the designing, engineering, building, and integrating complex environmental equipment systems for indoor controlled environment agriculture (CEA) cultivation and retail facilities in the United States, Canada, and Europe. The company provides architectural design, engineering, and construction services comprising pre-construction, cultivation space programming (CSP), architectural and interior design, engineering, integrated cultivation design, owner's representative/construction management, and general contracting services; and maintenance, training, and support services.