urban-gro (NASDAQ:UGRO) Stock Rating Upgraded by Craig Hallum

urban-gro (NASDAQ:UGRO) was upgraded by equities research analysts at Craig Hallum to a “strong-buy” rating in a report issued on Wednesday,Zacks.com reports.

urban-gro Stock Performance

urban-gro stock opened at $0.79 on Wednesday. The business has a 50 day simple moving average of $0.92 and a 200-day simple moving average of $1.26. urban-gro has a 12 month low of $0.60 and a 12 month high of $2.84.

urban-gro (NASDAQ:UGRO) last posted its quarterly earnings data on Tuesday, February 18th. The company reported ($0.27) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.12) by ($0.15). The business had revenue of $9.89 million for the quarter, compared to analyst estimates of $17.49 million.

Institutional Investors Weigh In On urban-gro

A number of hedge funds have recently modified their holdings of the business. Garden State Investment Advisory Services LLC purchased a new stake in urban-gro during the 3rd quarter valued at about $166,000. Virtu Financial LLC purchased a new stake in shares of urban-gro in the fourth quarter valued at approximately $25,000. Evernest Financial Advisors LLC acquired a new stake in shares of urban-gro in the fourth quarter valued at approximately $57,000. Finally, Private Advisor Group LLC increased its holdings in shares of urban-gro by 3.3% in the third quarter. Private Advisor Group LLC now owns 215,746 shares of the company’s stock valued at $298,000 after purchasing an additional 6,841 shares during the last quarter. 20.56% of the stock is currently owned by institutional investors and hedge funds.

About urban-gro

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.