urban-gro (NASDAQ:UGRO) Trading Down 3.6% – What’s Next?

urban-gro, Inc. (NASDAQ:UGRO)’s stock price fell 3.6% during mid-day trading on Wednesday . The company traded as low as $0.86 and last traded at $0.94. 85,019 shares changed hands during trading, an increase of 19% from the average session volume of 71,413 shares. The stock had previously closed at $0.98.

urban-gro Price Performance

The company has a market cap of $11.59 million, a price-to-earnings ratio of -0.69 and a beta of 1.90. The firm has a 50-day moving average price of $1.23 and a 200 day moving average price of $1.37.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in UGRO. Private Advisor Group LLC grew its stake 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 acquiring an additional 6,841 shares in the last quarter. Garden State Investment Advisory Services LLC bought a new stake in urban-gro in the 3rd quarter valued at about $166,000. Finally, Renaissance Technologies LLC grew its position in shares of urban-gro by 26.9% during the 2nd quarter. Renaissance Technologies LLC now owns 50,000 shares of the company’s stock worth $66,000 after purchasing an additional 10,600 shares in the last quarter. Institutional investors own 20.56% of the company’s stock.

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.