urban-gro (NASDAQ:UGRO) Stock Price Up 2.9% – Here’s What Happened

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

urban-gro Stock Performance

The firm has a market capitalization of $13.30 million, a price-to-earnings ratio of -0.79 and a beta of 1.80. The business’s 50 day moving average is $1.46 and its 200-day moving average is $1.41.

Hedge Funds Weigh In On urban-gro

Large investors have recently bought and sold shares of the stock. Garden State Investment Advisory Services LLC acquired a new stake in shares of urban-gro during the 3rd quarter worth approximately $166,000. Renaissance Technologies LLC increased its holdings in urban-gro by 26.9% in the 2nd quarter. Renaissance Technologies LLC now owns 50,000 shares of the company’s stock valued at $66,000 after buying an additional 10,600 shares during the period. Financial Advocates Investment Management raised its position in urban-gro by 35.0% in the second quarter. Financial Advocates Investment Management now owns 27,000 shares of the company’s stock worth $36,000 after purchasing an additional 7,000 shares in the last quarter. Finally, Private Advisor Group LLC lifted its position 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 period. 20.56% of the stock is currently owned by institutional investors and hedge funds.

About urban-gro

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.