urban-gro (NASDAQ:UGRO) Issues Earnings Results

urban-gro (NASDAQ:UGRO) announced 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 during the quarter.

urban-gro Stock Down 12.0%

Shares of UGRO stock traded down $0.39 during trading hours on Wednesday, reaching $2.84. The company’s stock had a trading volume of 1,054,233 shares, compared to its average volume of 116,970. The company has a market capitalization of $1.93 million, a price-to-earnings ratio of -0.04 and a beta of 1.84. urban-gro has a fifty-two week low of $2.84 and a fifty-two week high of $21.50. The firm’s 50 day simple moving average is $5.92 and its 200-day simple moving average is $8.44.

Institutional Investors Weigh In On urban-gro

An institutional investor recently raised its position in urban-gro stock. Citadel Advisors LLC lifted its holdings in shares of urban-gro, Inc. (NASDAQ:UGRO) by 162.4% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 72,167 shares of the company’s stock after acquiring 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.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of urban-gro in a report 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 company. According to data from MarketBeat, the company 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.