urban-gro (NASDAQ:UGRO) Trading Down 2.5%

urban-gro, Inc. (NASDAQ:UGRO)’s stock price dropped 2.5% during trading on Thursday . The stock traded as low as $1.53 and last traded at $1.55. Approximately 33,152 shares were traded during mid-day trading, a decline of 72% from the average daily volume of 117,638 shares. The stock had previously closed at $1.59.

Wall Street Analysts Forecast Growth

Separately, Craig Hallum reduced their price objective on urban-gro from $6.00 to $3.25 and set a “buy” rating for the company in a research note on Thursday, March 28th.

urban-gro Trading Down 2.5 %

The stock has a market capitalization of $19.02 million, a PE ratio of -0.93 and a beta of 2.56. The firm has a 50 day moving average price of $2.02 and a 200 day moving average price of $1.58.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Jane Street Group LLC bought a new position in urban-gro in the 1st quarter worth $108,000. Citadel Advisors LLC bought a new position in urban-gro in the 3rd quarter worth $36,000. Dimensional Fund Advisors LP bought a new position in urban-gro in the 4th quarter worth $39,000. Bank of America Corp DE boosted its holdings in urban-gro by 128.8% in the 1st quarter. Bank of America Corp DE now owns 18,302 shares of the company’s stock worth $197,000 after buying an additional 10,302 shares during the period. Finally, Susquehanna International Group LLP boosted its holdings in shares of urban-gro by 68.5% during the 1st quarter. Susquehanna International Group LLP now owns 19,256 shares of the company’s stock valued at $52,000 after purchasing an additional 7,828 shares during the last quarter. Institutional investors own 20.56% of the company’s stock.

urban-gro Company Profile

urban-gro, Inc engages in the designing, engineering, building, and integrating complex environmental equipment systems for indoor controlled environment agriculture (CEA) cultivation and retail facilities in the United States, Canada, and Europe. The company provides architectural design, engineering, and construction services comprising pre-construction, architectural and interior design, integrated cultivation design, owner's representative/construction management, and general contracting services; and maintenance, training, and support services.