urban-gro (NASDAQ:UGRO) Issues Earnings Results

urban-gro (NASDAQ:UGRO) released its quarterly earnings results on Tuesday. The company reported ($0.31) earnings per share (EPS) for the quarter, Zacks reports. The business had revenue of $9.51 million for the quarter.

urban-gro Trading Down 0.7%

Shares of NASDAQ UGRO traded down $0.00 on Wednesday, reaching $0.15. 668,570 shares of the company traded hands, compared to its average volume of 558,141. The stock has a market capitalization of $2.57 million, a PE ratio of -0.06 and a beta of 1.84. urban-gro has a fifty-two week low of $0.13 and a fifty-two week high of $1.12. The company has a 50 day moving average of $0.26 and a 200 day moving average of $0.36.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of urban-gro in a research note on Monday, December 29th. One equities research analyst has rated the stock with a Strong Buy rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, urban-gro currently has a consensus rating of “Moderate Buy”.

Hedge Funds Weigh In On urban-gro

A hedge fund recently raised its stake in urban-gro stock. Citadel Advisors LLC boosted its stake in shares of urban-gro, Inc. (NASDAQ:UGRO) by 162.4% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 72,167 shares of the company’s stock after purchasing 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. Hedge funds and other institutional investors own 20.56% of the company’s stock.

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.