urban-gro (NASDAQ:UGRO) Issues Quarterly Earnings Results

urban-gro (NASDAQ:UGRO) announced its quarterly earnings results on Tuesday. The company reported ($0.31) earnings per share for the quarter, Zacks reports. The business had revenue of $9.51 million during the quarter.

urban-gro Price Performance

NASDAQ:UGRO traded down $0.00 during mid-day trading on Wednesday, reaching $0.14. The stock had a trading volume of 719,819 shares, compared to its average volume of 559,544. The stock has a 50-day simple moving average of $0.26 and a two-hundred day simple moving average of $0.36. The stock has a market capitalization of $2.52 million, a PE ratio of -0.06 and a beta of 1.84. urban-gro has a 12 month low of $0.13 and a 12 month high of $1.12.

Hedge Funds Weigh In On urban-gro

An institutional investor recently bought a new position in urban-gro stock. Virtu Financial LLC acquired a new position in urban-gro, Inc. (NASDAQ:UGRO) during the 3rd quarter, according to the company in its most recent disclosure 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 filing with the Securities & Exchange Commission. 20.56% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed 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. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy”.

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.