urban-gro (NASDAQ:UGRO) Announces Earnings Results

urban-gro (NASDAQ:UGRO) issued its quarterly earnings results on Wednesday. The company reported ($3.92) earnings per share for the quarter, FiscalAI reports.

urban-gro Trading Down 11.9%

NASDAQ UGRO opened at $4.14 on Wednesday. The stock’s 50-day moving average price is $10.21 and its two-hundred day moving average price is $7.31. The company has a market cap of $6.87 million, a PE ratio of -0.06 and a beta of -2.77. urban-gro has a 1 year low of $2.02 and a 1 year high of $37.00.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on UGRO. Weiss Ratings downgraded shares of urban-gro from a “sell (d-)” rating to a “sell (e+)” rating in a report on Wednesday, May 13th. Wall Street Zen raised shares of urban-gro from a “sell” rating to a “hold” rating in a report on Sunday, April 19th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, urban-gro currently has a consensus rating of “Sell”.

Institutional Trading of urban-gro

An institutional investor recently raised its position in urban-gro stock. Citadel Advisors LLC grew its holdings in urban-gro, Inc. (NASDAQ:UGRO) by 162.4% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). 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 about 0.57% of urban-gro worth $30,000 as of its most recent SEC filing. Institutional investors and hedge funds own 20.56% of the company’s stock.

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.