GrowGeneration (GRWG) Issues Earnings Results
GrowGeneration (OTCMKTS:GRWG) announced its quarterly earnings data on Friday. The company reported ($0.02) earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of ($0.02), Morningstar.com reports. The business had revenue of $8.41 million during the quarter, compared to analysts’ expectations of $9.37 million. GrowGeneration had a negative return on equity of 28.02% and a negative net margin of 19.80%.
OTCMKTS:GRWG traded down $0.27 during trading hours on Friday, reaching $3.85. 90,512 shares of the company traded hands, compared to its average volume of 121,005. The stock has a market capitalization of $114.46 million and a price-to-earnings ratio of -21.39. GrowGeneration has a 1 year low of $1.75 and a 1 year high of $20.00. The company has a current ratio of 10.38, a quick ratio of 7.28 and a debt-to-equity ratio of 0.19.
COPYRIGHT VIOLATION NOTICE: “GrowGeneration (GRWG) Issues Earnings Results” was reported by The Cerbat Gem and is owned by of The Cerbat Gem. If you are reading this piece on another publication, it was illegally copied and republished in violation of US & international trademark and copyright laws. The original version of this piece can be read at https://www.thecerbatgem.com/2018/11/10/growgeneration-grwg-issues-earnings-results.html.
GrowGeneration Corp., through its subsidiaries, operates retail hydroponic stores. It offers farming soil, hydroponic equipment, lighting, plant nutrients, and various other products. The company serves home growers of organic vegetables and fruits, do-it yourselfers, and growers in the cannabis related markets.
Featured Article: Initial Public Offering (IPO)
Receive News & Ratings for GrowGeneration Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for GrowGeneration and related companies with MarketBeat.com's FREE daily email newsletter.