urban-gro (NASDAQ:UGRO) Releases Earnings Results

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

urban-gro Trading Down 16.3%

Shares of UGRO traded down $0.53 during mid-day trading on Wednesday, hitting $2.71. 1,220,940 shares of the company’s stock were exchanged, compared to its average volume of 121,956. The firm has a market capitalization of $1.84 million, a P/E ratio of -0.04 and a beta of 1.84. urban-gro has a fifty-two week low of $2.63 and a fifty-two week high of $21.50. The business’s 50 day moving average is $5.92 and its two-hundred day moving average is $8.44.

Institutional Investors Weigh In On urban-gro

A hedge fund recently bought a new stake in urban-gro stock. Virtu Financial LLC purchased a new position in shares of urban-gro, Inc. (NASDAQ:UGRO) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 97,267 shares of the company’s stock, valued at approximately $40,000. Virtu Financial LLC owned about 0.77% of urban-gro at the end of the most recent reporting period. Hedge funds and other institutional investors own 20.56% of the company’s stock.

Analysts Set New Price Targets

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