Hydrofarm Holdings Group (NASDAQ:HYFM) Trading Down 0.2% – Here’s What Happened

Hydrofarm Holdings Group, Inc. (NASDAQ:HYFM)’s share price dropped 0.2% on Friday . The stock traded as low as $0.9510 and last traded at $0.96. Approximately 6,696 shares changed hands during trading, a decline of 65% from the average daily volume of 18,934 shares. The stock had previously closed at $0.9620.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Hydrofarm Holdings Group in a research note on Friday, March 27th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company has an average rating of “Sell”.

Hydrofarm Holdings Group Trading Down 0.2%

The stock has a market capitalization of $4.57 million, a P/E ratio of -0.02 and a beta of 2.31. The stock’s 50 day moving average price is $0.99 and its 200-day moving average price is $1.37. The company has a quick ratio of 0.14, a current ratio of 0.33 and a debt-to-equity ratio of 0.67.

Hydrofarm Holdings Group (NASDAQ:HYFM) last announced its earnings results on Friday, May 15th. The company reported ($3.07) earnings per share (EPS) for the quarter, missing the consensus estimate of ($1.28) by ($1.79). The company had revenue of $28.52 million for the quarter, compared to the consensus estimate of $57.69 million. Hydrofarm Holdings Group had a negative net margin of 237.25% and a negative return on equity of 500.33%.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Jane Street Group LLC acquired a new position in shares of Hydrofarm Holdings Group during the fourth quarter worth $34,000. DRW Securities LLC boosted its position in shares of Hydrofarm Holdings Group by 261.4% in the 4th quarter. DRW Securities LLC now owns 38,840 shares of the company’s stock worth $59,000 after purchasing an additional 28,093 shares in the last quarter. Finally, Citadel Advisors LLC purchased a new position in Hydrofarm Holdings Group during the 3rd quarter worth $59,000. Institutional investors own 26.61% of the company’s stock.

Hydrofarm Holdings Group Company Profile

Hydrofarm Holdings Group, Inc provides a comprehensive portfolio of products and services for controlled environment agriculture (CEA) and indoor gardening. The company’s offerings include horticultural lighting systems, environmental controls, nutrient and irrigation solutions, growing media, and greenhouse and nursery equipment. These products are designed to support commercial growers, research institutions, and home gardening enthusiasts by optimizing plant growth and resource efficiency in indoor and greenhouse environments.

Founded in 1977 and headquartered in Fairless Hills, Pennsylvania, Hydrofarm has grown through a combination of product innovation and strategic acquisitions.