Wall Street Zen Upgrades urban-gro (NASDAQ:UGRO) to “Sell”

urban-gro (NASDAQ:UGRO) was upgraded by analysts at Wall Street Zen to a “sell” rating in a report issued on Saturday.

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of urban-gro in a research note on Monday, December 29th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock has an average rating of “Sell”.

urban-gro Price Performance

UGRO stock opened at $16.54 on Friday. The firm has a market capitalization of $12.41 million, a P/E ratio of -0.22 and a beta of -2.36. The company’s 50 day simple moving average is $7.76 and its 200-day simple moving average is $7.82. urban-gro has a 52-week low of $2.02 and a 52-week high of $37.00.

urban-gro (NASDAQ:UGRO) last released its quarterly earnings data on Tuesday, February 10th. The company reported ($9.14) earnings per share for the quarter. The business had revenue of $7.77 million for the quarter.

Institutional Trading of urban-gro

A hedge fund recently raised its stake in urban-gro stock. Citadel Advisors LLC increased its position in shares of urban-gro, Inc. (NASDAQ:UGRO) by 162.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 72,167 shares of the company’s stock after acquiring an additional 44,667 shares during the period. Citadel Advisors LLC owned about 0.57% of urban-gro worth $30,000 as of its most recent filing with the Securities and Exchange Commission. 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.