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

urban-gro, Inc. (NASDAQ:UGRO)’s stock is set to reverse split on 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 closing bell on Friday, February 6th.

urban-gro Stock Performance

Shares of urban-gro stock traded down $0.01 during trading hours on Thursday, reaching $0.14. 2,253,218 shares of the company were exchanged, compared to its average volume of 641,038. The firm has a market cap of $2.44 million, a PE ratio of -0.05 and a beta of 1.84. The stock’s fifty day moving average is $0.26 and its 200 day moving average is $0.36. urban-gro has a 1 year low of $0.11 and a 1 year high of $1.12.

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

Analyst Upgrades and Downgrades

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

Institutional Investors Weigh In On urban-gro

An institutional investor recently bought a new position in urban-gro stock. Virtu Financial LLC purchased a new position in urban-gro, Inc. (NASDAQ:UGRO) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 97,267 shares of the company’s stock, valued at approximately $40,000. Virtu Financial LLC owned approximately 0.77% of urban-gro at the end of the most recent reporting period. 20.56% of the stock is owned by institutional investors.

urban-gro Company Profile

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.