urban-gro (NASDAQ:UGRO) Shares Down 4.7% – What’s Next?

urban-gro, Inc. (NASDAQ:UGRO)’s stock price traded down 4.7% on Monday . The company traded as low as $2.78 and last traded at $2.85. 41,150 shares changed hands during trading, a decline of 51% from the average session volume of 84,359 shares. The stock had previously closed at $2.99.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the stock. Weiss Ratings raised shares of urban-gro from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Wednesday, May 27th. Wall Street Zen upgraded shares of urban-gro from a “sell” rating to a “hold” rating in a report on Sunday, April 19th. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock has a consensus rating of “Sell”.

urban-gro Trading Up 5.1%

The stock has a market cap of $3.81 million, a PE ratio of -0.10 and a beta of -2.91. The business has a fifty day simple moving average of $8.88 and a two-hundred day simple moving average of $6.89.

urban-gro (NASDAQ:UGRO) last issued its quarterly earnings results on Wednesday, April 15th. The company reported ($13.08) earnings per share for the quarter. The firm had revenue of $0.48 million during the quarter. urban-gro had a negative return on equity of 118.44% and a negative net margin of 82.11%.

Hedge Funds Weigh In On urban-gro

An institutional investor recently raised its position in urban-gro stock. Citadel Advisors LLC boosted its stake in shares of urban-gro, Inc. (NASDAQ:UGRO) by 162.4% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 72,167 shares of the company’s stock after buying an additional 44,667 shares during the period. Citadel Advisors LLC owned approximately 0.57% of urban-gro worth $30,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 20.56% of the company’s stock.

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.