urban-gro (NASDAQ:UGRO) Releases Earnings Results

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

urban-gro Stock Down 17.6%

Shares of NASDAQ UGRO traded down $0.57 during mid-day trading on Wednesday, hitting $2.66. 1,341,696 shares of the company traded hands, compared to its average volume of 126,176. urban-gro has a 1 year low of $2.60 and a 1 year high of $21.50. The stock has a market capitalization of $1.82 million, a price-to-earnings ratio of -0.04 and a beta of 1.84. The business has a 50 day moving average of $5.92 and a two-hundred day moving average of $8.44.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of urban-gro in a research note on Monday, December 29th. One investment analyst has rated the stock with a Strong Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy”.

Institutional Trading of urban-gro

A hedge fund recently raised its stake in urban-gro stock. Citadel Advisors LLC raised its stake in shares of urban-gro, Inc. (NASDAQ:UGRO) by 162.4% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). 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 0.57% of urban-gro worth $30,000 at the end of the most recent quarter. Institutional investors 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.