urban-gro (NASDAQ:UGRO) Trading Down 2.7% – Here’s What Happened

by · The Markets Daily

Shares of urban-gro, Inc. (NASDAQ:UGRO – Get Free Report) dropped 2.7% on Wednesday . The stock traded as low as $0.23 and last traded at $0.23. Approximately 232,414 shares changed hands during mid-day trading, a decline of 91% from the average daily volume of 2,713,386 shares. The stock had previously closed at $0.2363.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of urban-gro in a research note on Monday. One analyst has rated the stock with a Strong Buy rating and one has issued a Sell rating to the company. According to data from MarketBeat, urban-gro has a consensus rating of “Moderate Buy”.

View Our Latest Report on UGRO

urban-gro Stock Performance

The company’s 50-day moving average price is $0.33 and its 200 day moving average price is $0.38. The stock has a market capitalization of $2.92 million, a PE ratio of -0.21 and a beta of 1.87.

Institutional Investors 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 – Free Report) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 97,267 shares of the company’s stock, valued at approximately $40,000. Virtu Financial LLC owned 0.77% of urban-gro at the end of the most recent quarter. Institutional investors own 20.56% of the company’s stock.

urban-gro Company Profile

(Get Free Report)

urban-gro, Inc engages in the designing, engineering, building, and integrating complex environmental equipment systems for indoor controlled environment agriculture (CEA) cultivation and retail facilities in the United States, Canada, and Europe. The company provides architectural design, engineering, and construction services comprising pre-construction, cultivation space programming (CSP), architectural and interior design, engineering, integrated cultivation design, owner's representative/construction management, and general contracting services; and maintenance, training, and support services.

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