urban-gro (NASDAQ:UGRO) Trading 2.9% Higher – What’s Next?

Shares of urban-gro, Inc. (NASDAQ:UGRO) rose 2.9% during trading on Tuesday . The stock traded as high as $1.13 and last traded at $1.08. Approximately 25,898 shares traded hands during trading, a decline of 58% from the average daily volume of 61,358 shares. The stock had previously closed at $1.05.

urban-gro Price Performance

The stock has a 50 day moving average price of $1.46 and a two-hundred day moving average price of $1.41. The company has a market capitalization of $13.30 million, a price-to-earnings ratio of -0.79 and a beta of 1.80.

Hedge Funds Weigh In On urban-gro

Several hedge funds have recently added to or reduced their stakes in UGRO. Garden State Investment Advisory Services LLC bought a new stake in urban-gro in the third quarter valued at about $166,000. Private Advisor Group LLC boosted its stake in urban-gro by 3.3% during the 3rd quarter. Private Advisor Group LLC now owns 215,746 shares of the company’s stock worth $298,000 after acquiring an additional 6,841 shares during the last quarter. Renaissance Technologies LLC grew its holdings in urban-gro by 26.9% during the second quarter. Renaissance Technologies LLC now owns 50,000 shares of the company’s stock valued at $66,000 after purchasing an additional 10,600 shares during the period. Finally, Financial Advocates Investment Management increased its stake in urban-gro by 35.0% in the second quarter. Financial Advocates Investment Management now owns 27,000 shares of the company’s stock valued at $36,000 after purchasing an additional 7,000 shares in the last quarter. 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.