urban-gro (NASDAQ:UGRO) Trading Up 0.7% – Should You Buy?

urban-gro, Inc. (NASDAQ:UGRO)’s share price was up 0.7% on Wednesday . The company traded as high as $1.61 and last traded at $1.49. Approximately 23,227 shares were traded during mid-day trading, a decline of 63% from the average daily volume of 62,135 shares. The stock had previously closed at $1.48.

urban-gro Price Performance

The stock’s 50 day moving average price is $1.51 and its two-hundred day moving average price is $1.46.

Institutional Trading of urban-gro

A number of institutional investors and hedge funds have recently modified their holdings of UGRO. Financial Advocates Investment Management lifted its stake in shares of urban-gro by 35.0% in the second quarter. Financial Advocates Investment Management now owns 27,000 shares of the company’s stock worth $36,000 after buying an additional 7,000 shares during the last quarter. Renaissance Technologies LLC raised its stake in urban-gro by 26.9% during the 2nd quarter. Renaissance Technologies LLC now owns 50,000 shares of the company’s stock valued at $66,000 after purchasing an additional 10,600 shares during the last quarter. Garden State Investment Advisory Services LLC acquired a new position in urban-gro during the 3rd quarter valued at $166,000. Finally, Private Advisor Group LLC raised its stake in urban-gro by 3.3% during the 3rd quarter. Private Advisor Group LLC now owns 215,746 shares of the company’s stock valued at $298,000 after purchasing an additional 6,841 shares during the last quarter. 20.56% of the stock is currently owned by institutional investors and hedge funds.

About urban-gro

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, cultivation space programming (CSP), architectural and interior design, engineering, integrated cultivation design, owner's representative/construction management, and general contracting services; and maintenance, training, and support services.