Shares of Hydrofarm Holdings Group, Inc. (NASDAQ:HYFM – Get Free Report) traded up 3.2% on Monday. The company traded as high as $0.8597 and last traded at $0.8007. Approximately 144,696 shares traded hands during mid-day trading, an increase of 114% from the average daily volume of 67,567 shares. The stock had previously closed at $0.7760.
Wall Street Analyst Weigh In
Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Hydrofarm Holdings Group in a report on Monday, September 21st. One analyst has rated the stock with a Sell rating. According to data from MarketBeat.com, the company currently has an average rating of “Sell”.
View Our Latest Report on HYFM
Hydrofarm Holdings Group Price Performance
The stock has a market capitalization of $3.57 million, a PE ratio of -0.01 and a beta of 2.39. The business’s fifty day moving average price is $0.98 and its 200-day moving average price is $0.97.
Hydrofarm Holdings Group (NASDAQ:HYFM – Get Free Report) last posted its earnings results on Friday, August 14th. The company reported ($2.23) EPS for the quarter, missing the consensus estimate of ($0.89) by ($1.34). Hydrofarm Holdings Group had a negative return on equity of 500.33% and a negative net margin of 267.20%. The business had revenue of $23.21 million for the quarter, compared to analysts’ expectations of $58.20 million.
Hedge Funds Weigh In On Hydrofarm Holdings Group
An institutional investor recently bought a new position in Hydrofarm Holdings Group stock. BlackRock Inc. bought a new position in Hydrofarm Holdings Group, Inc. (NASDAQ:HYFM – Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 50,465 shares of the company’s stock, valued at approximately $43,000. BlackRock Inc. owned approximately 1.06% of Hydrofarm Holdings Group at the end of the most recent reporting period. 26.61% of the stock is currently owned by institutional investors and hedge funds.
Hydrofarm Holdings Group Company Profile
Hydrofarm Holdings Group, Inc is a manufacturer and distributor of hydroponic equipment and supplies for controlled-environment agriculture. The company serves commercial and home growers, specialty retailers, garden centers, and e-commerce customers with products used to cultivate plants indoors and in greenhouses.
Its product portfolio includes grow lighting, environmental control equipment, hydroponic systems, irrigation and water-management products, growing media, nutrients, propagation supplies, and other cultivation accessories.
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