urban-gro (NASDAQ:UGRO) Shares Down 5.1% – Here’s What Happened

urban-gro, Inc. (NASDAQ:UGRO) traded down 5.1% on Wednesday . The stock traded as low as $1.62 and last traded at $1.68. 53,864 shares were traded during trading, a decline of 25% from the average session volume of 72,011 shares. The stock had previously closed at $1.77.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on UGRO shares. Weiss Ratings lowered urban-gro from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Thursday, June 11th. Wall Street Zen upgraded urban-gro from a “sell” rating to a “hold” rating in a research report on Sunday, April 19th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, urban-gro presently has an average rating of “Sell”.

urban-gro Stock Performance

The firm’s fifty day moving average is $3.63 and its 200-day moving average is $6.23. The company has a market capitalization of $2.49 million, a P/E ratio of -0.07 and a beta of -2.91.

urban-gro (NASDAQ:UGRO) last issued its quarterly earnings data on Wednesday, April 15th. The company reported ($13.08) EPS for the quarter. urban-gro had a negative net margin of 82.11% and a negative return on equity of 118.44%. The company had revenue of $0.48 million during the quarter.

Institutional Investors 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) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 97,267 shares of the company’s stock, valued at approximately $40,000. Virtu Financial LLC owned about 0.77% of urban-gro 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.