AWM Investment Company Inc. Cuts Stake in urban-gro, Inc. (NASDAQ:UGRO)

AWM Investment Company Inc. cut its stake in urban-gro, Inc. (NASDAQ:UGRO) by 24.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,092,762 shares of the company’s stock after selling 351,275 shares during the quarter. AWM Investment Company Inc. owned approximately 8.87% of urban-gro worth $1,032,000 at the end of the most recent reporting period.

Separately, Virtu Financial LLC purchased a new position in shares of urban-gro in the fourth quarter valued at approximately $25,000. Institutional investors and hedge funds own 20.56% of the company’s stock.

urban-gro Price Performance

UGRO opened at $0.40 on Wednesday. The firm has a market capitalization of $5.07 million, a price-to-earnings ratio of -0.36 and a beta of 2.04. The company’s 50 day simple moving average is $0.49 and its two-hundred day simple moving average is $0.87. urban-gro, Inc. has a 1-year low of $0.37 and a 1-year high of $1.92.

urban-gro (NASDAQ:UGRO) last announced its quarterly earnings data on Tuesday, February 18th. The company reported ($0.27) EPS for the quarter, missing analysts’ consensus estimates of ($0.12) by ($0.15). The company had revenue of $9.89 million during the quarter, compared to analysts’ expectations of $17.49 million.

Wall Street Analysts Forecast Growth

Separately, Craig Hallum raised urban-gro to a “strong-buy” rating in a research note on Wednesday, February 19th.

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.