urban-gro (NASDAQ:UGRO) Shares Down 11.3% – Time to Sell?

urban-gro, Inc. (NASDAQ:UGRO) was down 11.3% during mid-day trading on Thursday . The company traded as low as $1.24 and last traded at $1.25. 49,319 shares traded hands during mid-day trading, a decline of 32% from the average daily volume of 72,011 shares. The stock had previously closed at $1.41.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on UGRO. Weiss Ratings lowered shares of urban-gro from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Thursday, June 11th. Wall Street Zen upgraded urban-gro from a “sell” rating to a “hold” rating in a research note on Sunday, April 19th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock has an average rating of “Sell”.

urban-gro Price Performance

The company has a market cap of $1.65 million, a P/E ratio of -0.04 and a beta of -2.91. The stock has a 50-day moving average of $2.50 and a 200 day moving average of $5.61.

Hedge Funds Weigh In On urban-gro

A hedge fund recently raised its position in urban-gro stock. Citadel Advisors LLC grew its position in urban-gro, Inc. (NASDAQ:UGRO) by 162.4% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 72,167 shares of the company’s stock after buying an additional 44,667 shares during the quarter. Citadel Advisors LLC owned 0.57% of urban-gro worth $30,000 as of its most recent SEC filing. Institutional investors and hedge funds own 20.56% of the company’s stock.

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.