urban-gro (NASDAQ:UGRO) Announces Earnings Results

urban-gro (NASDAQ:UGRO) announced its earnings results on Friday. The company reported ($1.86) earnings per share (EPS) for the quarter, FiscalAI reports. The firm had revenue of ($3.29) million during the quarter.

urban-gro Stock Performance

Shares of urban-gro stock opened at $0.23 on Friday. The stock has a market capitalization of $3.40 million, a P/E ratio of -0.24 and a beta of 1.85. urban-gro has a 52-week low of $0.21 and a 52-week high of $1.12. The stock’s 50-day simple moving average is $0.28 and its 200 day simple moving average is $0.37.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of urban-gro in a research report on Monday, December 29th. One equities research analyst has rated the stock with a Strong Buy rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, urban-gro has a consensus rating of “Moderate Buy”.

Hedge Funds Weigh In On urban-gro

A hedge fund recently bought a new stake in urban-gro stock. Virtu Financial LLC acquired a new stake in shares of urban-gro, Inc. (NASDAQ:UGRO) during the third quarter, according to its most recent filing with the SEC. 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 SEC. 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.