urban-gro (NASDAQ:UGRO) Trading Down 11.3% – Time to Sell?

urban-gro, Inc. (NASDAQ:UGRO) shares dropped 11.3% during trading on Thursday . The stock traded as low as $1.24 and last traded at $1.25. Approximately 49,319 shares were traded during trading, a decline of 32% from the average session volume of 72,011 shares. The stock had previously closed at $1.41.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the company. Weiss Ratings cut urban-gro from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Thursday, June 11th. Wall Street Zen raised urban-gro from a “sell” rating to a “hold” rating in a research note on Sunday, April 19th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock presently has an average rating of “Sell”.

urban-gro Trading Down 11.3%

The firm has a market capitalization of $1.65 million, a price-to-earnings ratio of -0.04 and a beta of -2.91. The stock’s 50-day moving average is $2.50 and its 200-day moving average is $5.61.

Institutional Inflows and Outflows

A hedge fund recently raised its position in urban-gro stock. Citadel Advisors LLC grew its position in urban-gro, Inc. (NASDAQ:UGRO) by 162.4% in the third quarter, according to its most recent filing with the SEC. The fund owned 72,167 shares of the company’s stock after acquiring an additional 44,667 shares during the period. Citadel Advisors LLC owned 0.57% of urban-gro worth $30,000 as of its most recent filing with the SEC. 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.