Hydrofarm Holdings Group (NASDAQ:HYFM) Stock Price Down 5.5% – Here’s Why

Hydrofarm Holdings Group, Inc. (NASDAQ:HYFM)’s stock price dropped 5.5% during trading on Thursday . The company traded as low as $1.3750 and last traded at $1.38. Approximately 37,231 shares traded hands during mid-day trading, an increase of 12% from the average daily volume of 33,269 shares. The stock had previously closed at $1.46.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Hydrofarm Holdings Group in a research report on Monday, December 22nd. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the company has an average rating of “Sell”.

Hydrofarm Holdings Group Stock Down 5.5%

The company has a current ratio of 2.08, a quick ratio of 0.81 and a debt-to-equity ratio of 0.67. The firm has a 50-day moving average of $1.75 and a 200 day moving average of $2.77. The stock has a market capitalization of $6.44 million, a price-to-earnings ratio of -0.10 and a beta of 2.44.

Hydrofarm Holdings Group (NASDAQ:HYFM) last issued its quarterly earnings results on Wednesday, November 12th. The company reported ($3.51) earnings per share for the quarter, missing analysts’ consensus estimates of ($3.09) by ($0.42). The firm had revenue of $29.35 million during the quarter, compared to the consensus estimate of $35.73 million. Hydrofarm Holdings Group had a negative net margin of 44.49% and a negative return on equity of 32.29%. On average, sell-side analysts anticipate that Hydrofarm Holdings Group, Inc. will post -13.3 earnings per share for the current year.

Institutional Trading of Hydrofarm Holdings Group

A hedge fund recently bought a new stake in Hydrofarm Holdings Group stock. Citadel Advisors LLC bought a new position in shares of Hydrofarm Holdings Group, Inc. (NASDAQ:HYFM) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 18,079 shares of the company’s stock, valued at approximately $59,000. Citadel Advisors LLC owned about 0.39% of Hydrofarm Holdings Group at the end of the most recent reporting period. Hedge funds and other institutional investors own 26.61% of the company’s stock.

About Hydrofarm Holdings Group

Hydrofarm Holdings Group, Inc provides a comprehensive portfolio of products and services for controlled environment agriculture (CEA) and indoor gardening. The company’s offerings include horticultural lighting systems, environmental controls, nutrient and irrigation solutions, growing media, and greenhouse and nursery equipment. These products are designed to support commercial growers, research institutions, and home gardening enthusiasts by optimizing plant growth and resource efficiency in indoor and greenhouse environments.

Founded in 1977 and headquartered in Fairless Hills, Pennsylvania, Hydrofarm has grown through a combination of product innovation and strategic acquisitions.