urban-gro (NASDAQ:UGRO) Releases Earnings Results

urban-gro (NASDAQ:UGRO) announced its quarterly earnings results on Tuesday. The company reported ($9.48) earnings per share (EPS) for the quarter, Zacks reports. The company had revenue of $2.38 million during the quarter.

urban-gro Price Performance

Shares of NASDAQ UGRO traded down $0.39 during mid-day trading on Wednesday, reaching $2.84. 1,054,233 shares of the company’s stock were exchanged, compared to its average volume of 116,970. The firm has a 50-day moving average price of $5.92 and a two-hundred day moving average price of $8.44. The firm has a market capitalization of $1.93 million, a price-to-earnings ratio of -0.04 and a beta of 1.84. urban-gro has a 52 week low of $2.84 and a 52 week high of $21.50.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of urban-gro in a report on Monday, December 29th. One investment analyst has rated the stock with a Strong Buy rating and one has assigned a Sell rating to the stock. According to MarketBeat, urban-gro currently has an average rating of “Moderate Buy”.

Hedge Funds Weigh In On urban-gro

A hedge fund recently raised its stake in urban-gro stock. Citadel Advisors LLC increased its stake in shares of urban-gro, Inc. (NASDAQ:UGRO) by 162.4% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 72,167 shares of the company’s stock after acquiring an additional 44,667 shares during the quarter. Citadel Advisors LLC owned about 0.57% of urban-gro worth $30,000 at the end of the most recent quarter. Institutional investors own 20.56% of the company’s stock.

About urban-gro

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.