urban-gro (NASDAQ:UGRO) Trading Up 4.2% – Time to Buy?

urban-gro, Inc. (NASDAQ:UGRO) rose 4.2% on Monday . The company traded as high as $0.35 and last traded at $0.32. Approximately 63,319 shares were traded during mid-day trading, a decline of 36% from the average daily volume of 99,494 shares. The stock had previously closed at $0.31.

Wall Street Analyst Weigh In

Separately, Craig Hallum upgraded urban-gro to a “strong-buy” rating in a report on Wednesday, February 19th.

urban-gro Price Performance

The firm’s 50 day moving average is $0.42 and its 200 day moving average is $0.70. The company has a market capitalization of $4.12 million, a PE ratio of -0.29 and a beta of 1.88.

Hedge Funds Weigh In On urban-gro

A hedge fund recently bought a new stake in urban-gro stock. Virtu Financial LLC purchased a new position in urban-gro, Inc. (NASDAQ:UGRO) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 26,956 shares of the company’s stock, valued at approximately $25,000. Virtu Financial LLC owned approximately 0.22% of urban-gro at the end of the most recent reporting period. Institutional investors own 20.56% of the company’s stock.

urban-gro Company Profile

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.