GrowGeneration (OTCMKTS:GRWG) Coverage Initiated at LADENBURG THALM/SH SH
Research analysts at LADENBURG THALM/SH SH assumed coverage on shares of GrowGeneration (OTCMKTS:GRWG) in a research note issued to investors on Monday, The Fly reports. The brokerage set a “buy” rating and a $7.00 price target on the stock. LADENBURG THALM/SH SH’s price target would suggest a potential upside of 97.38% from the stock’s previous close.
Several other research analysts also recently issued reports on the company. Roth Capital assumed coverage on GrowGeneration in a research note on Friday. They set a “buy” rating and a $7.50 price target for the company. Alliance Global Partners assumed coverage on GrowGeneration in a research note on Thursday, September 19th. They set a “buy” rating and a $8.00 price target for the company.
Shares of OTCMKTS:GRWG traded down $0.20 during midday trading on Monday, hitting $3.55. 97,737 shares of the stock were exchanged, compared to its average volume of 101,324. The stock has a market cap of $135.10 million, a P/E ratio of -16.89 and a beta of 1.82. The company has a current ratio of 5.73, a quick ratio of 3.32 and a debt-to-equity ratio of 0.14. GrowGeneration has a twelve month low of $2.05 and a twelve month high of $5.75. The company has a 50 day moving average price of $4.78 and a 200-day moving average price of $3.76.
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.
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