urban-gro (NASDAQ:UGRO) Trading Down 2.7% – What’s Next?

urban-gro, Inc. (NASDAQ:UGRO)’s share price was down 2.7% during trading on Tuesday . The stock traded as low as $1.80 and last traded at $1.81. Approximately 19,661 shares traded hands during mid-day trading, a decline of 69% from the average daily volume of 63,716 shares. The stock had previously closed at $1.86.

urban-gro Stock Performance

The business’s 50 day moving average price is $1.47 and its 200 day moving average price is $1.49. The firm has a market cap of $22.30 million, a price-to-earnings ratio of -1.32 and a beta of 1.93.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Renaissance Technologies LLC increased its stake in shares of urban-gro by 26.9% during the second quarter. Renaissance Technologies LLC now owns 50,000 shares of the company’s stock worth $66,000 after purchasing an additional 10,600 shares in the last quarter. Private Advisor Group LLC increased its holdings in shares of 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 buying an additional 6,841 shares during the last quarter. Finally, Financial Advocates Investment Management lifted its stake in shares of urban-gro by 35.0% in the 2nd 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 during the last quarter. Hedge funds and other 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.