Hydrofarm Holdings Group (NASDAQ:HYFM) Shares Up 4.2% – Here’s Why

Shares of Hydrofarm Holdings Group, Inc. (NASDAQ:HYFM) shot up 4.2% on Wednesday . The stock traded as high as $3.27 and last traded at $3.25. 22,667 shares were traded during trading, an increase of 7% from the average session volume of 21,114 shares. The stock had previously closed at $3.12.

Hydrofarm Holdings Group Stock Performance

The firm has a 50 day moving average of $4.22 and a two-hundred day moving average of $3.56. The stock has a market cap of $15.15 million, a PE ratio of -0.24 and a beta of 2.40. The company has a debt-to-equity ratio of 0.61, a current ratio of 2.32 and a quick ratio of 0.92.

Hydrofarm Holdings Group (NASDAQ:HYFM) last posted its earnings results on Tuesday, August 12th. The company reported ($3.63) earnings per share for the quarter, missing the consensus estimate of ($2.39) by ($1.24). The business had revenue of $39.25 million for the quarter, compared to analysts’ expectations of $51.00 million. Hydrofarm Holdings Group had a negative return on equity of 28.08% and a negative net margin of 38.43%. Research analysts predict that Hydrofarm Holdings Group, Inc. will post -13.3 EPS for the current fiscal year.

About Hydrofarm Holdings Group

Hydrofarm Holdings Group, Inc, together with its subsidiaries, manufactures and distributes controlled environment agriculture (CEA) equipment and supplies in the United States and Canada. The company provides agricultural lighting devices, indoor climate control equipment, and nutrients, as well as plant additives used to grow, farm, and cultivate cannabis, flowers, fruits, plants, vegetables, grains, and herbs in controlled environment.