Hydrofarm Holdings Group (NASDAQ:HYFM) Releases Quarterly Earnings Results, Misses Expectations By $0.86 EPS

Hydrofarm Holdings Group (NASDAQ:HYFM) released its quarterly earnings data on Wednesday. The company reported ($3.51) earnings per share for the quarter, missing the consensus estimate of ($2.65) by ($0.86), Zacks reports. Hydrofarm Holdings Group had a negative net margin of 38.43% and a negative return on equity of 28.08%.

Hydrofarm Holdings Group Stock Performance

HYFM stock traded down $0.18 during midday trading on Wednesday, hitting $1.96. The company’s stock had a trading volume of 18,548 shares, compared to its average volume of 100,056. The stock has a market cap of $9.11 million, a price-to-earnings ratio of -0.14 and a beta of 2.31. The company has a quick ratio of 0.92, a current ratio of 2.32 and a debt-to-equity ratio of 0.61. The stock’s 50-day moving average price is $2.95 and its 200 day moving average price is $3.57. Hydrofarm Holdings Group has a 1 year low of $1.50 and a 1 year high of $8.55.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Hydrofarm Holdings Group in a research note on Wednesday, November 5th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company has an average rating of “Sell”.

Hydrofarm Holdings Group Company Profile

Hydrofarm Holdings Group, Inc, together with its subsidiaries, manufactures and distributes controlled environment agriculture (CEA) equipment and supplies in the United States and Canada. The company provides agricultural lighting devices, indoor climate control equipment, and nutrients, as well as plant additives used to grow, farm, and cultivate cannabis, flowers, fruits, plants, vegetables, grains, and herbs in controlled environment.