urban-gro (NASDAQ:UGRO) Trading Down 5.1% – Should You Sell?

urban-gro, Inc. (NASDAQ:UGRO) dropped 5.1% on Wednesday . The company traded as low as $1.62 and last traded at $1.68. 53,864 shares were traded during mid-day trading, a decline of 25% from the average session volume of 72,011 shares. The stock had previously closed at $1.77.

Wall Street Analysts Forecast Growth

UGRO has been the subject of a number of analyst reports. Weiss Ratings cut shares of urban-gro from a “sell (d-)” rating to a “sell (e+)” rating in a research note 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 research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, urban-gro currently has a consensus rating of “Sell”.

urban-gro Stock Performance

The company’s 50 day moving average price is $3.73 and its 200 day moving average price is $6.29. The company has a market cap of $2.21 million, a price-to-earnings ratio of -0.06 and a beta of -2.91.

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

Institutional Trading of urban-gro

An institutional investor recently raised its stake in urban-gro stock. Citadel Advisors LLC grew its position in urban-gro, Inc. (NASDAQ:UGRO) by 162.4% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 72,167 shares of the company’s stock after acquiring an additional 44,667 shares during the period. Citadel Advisors LLC owned 0.57% of urban-gro worth $30,000 at the end of the most recent reporting period. 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.