urban-gro Stock Scheduled to Reverse Split on Monday, February 9th (NASDAQ:UGRO)

urban-gro, Inc. (NASDAQ:UGRO)’s stock is going to reverse split before the market opens on Monday, February 9th. The 1-25 reverse split was announced on Thursday, February 5th. The number of shares owned by shareholders will be adjusted after the closing bell on Friday, February 6th.

urban-gro Price Performance

UGRO traded down $0.01 during midday trading on Thursday, hitting $0.14. 2,253,218 shares of the company’s stock traded hands, compared to its average volume of 641,038. The stock’s fifty day simple moving average is $0.26 and its 200-day simple moving average is $0.36. urban-gro has a one year low of $0.11 and a one year high of $1.12. The company has a market cap of $2.44 million, a PE ratio of -0.05 and a beta of 1.84.

urban-gro (NASDAQ:UGRO) last posted its earnings results on Tuesday, February 3rd. The company reported ($0.31) earnings per share for the quarter. The business had revenue of $9.51 million during the quarter.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of urban-gro in a research note on Monday, December 29th. One investment analyst has rated the stock with a Strong Buy rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy”.

Hedge Funds Weigh In On urban-gro

A hedge fund recently bought a new stake in urban-gro stock. Virtu Financial LLC acquired a new position in shares of urban-gro, Inc. (NASDAQ:UGRO) in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 97,267 shares of the company’s stock, valued at approximately $40,000. Virtu Financial LLC owned 0.77% of urban-gro as of its most recent SEC filing. 20.56% of the stock is owned by institutional investors and hedge funds.

urban-gro Company Profile

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.