urban-gro (NASDAQ:UGRO) Shares Down 4.7% – Time to Sell?

urban-gro, Inc. (NASDAQ:UGRO) fell 4.7% during trading on Monday . The company traded as low as $2.78 and last traded at $2.85. 41,150 shares changed hands during trading, a decline of 51% from the average session volume of 84,359 shares. The stock had previously closed at $2.99.

Analyst Ratings Changes

A number of brokerages have recently commented on UGRO. Wall Street Zen raised shares of urban-gro from a “sell” rating to a “hold” rating in a research note on Sunday, April 19th. Weiss Ratings raised shares of urban-gro from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Wednesday, May 27th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Sell”.

urban-gro Stock Performance

The firm has a market cap of $3.76 million, a price-to-earnings ratio of -0.10 and a beta of -2.91. The business’s 50 day moving average price is $9.18 and its 200 day moving average price is $6.91.

urban-gro (NASDAQ:UGRO) last issued its quarterly earnings data on Wednesday, April 15th. The company reported ($13.08) EPS for the quarter. The firm had revenue of $0.48 million for the quarter. urban-gro had a negative return on equity of 118.44% and a negative net margin of 82.11%.

Institutional Investors Weigh In On urban-gro

An institutional investor recently raised its position in urban-gro stock. Citadel Advisors LLC boosted its stake in urban-gro, Inc. (NASDAQ:UGRO) by 162.4% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 72,167 shares of the company’s stock after acquiring 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 filing with the SEC. 20.56% of the stock is owned by institutional investors.

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.