urban-gro (NASDAQ:UGRO) Rating Increased to Strong-Buy at Craig Hallum

Craig Hallum upgraded shares of urban-gro (NASDAQ:UGRO) to a strong-buy rating in a research note issued to investors on Wednesday,Zacks.com reports.

urban-gro Stock Up 1.3 %

UGRO stock opened at $0.79 on Wednesday. The company has a fifty day moving average price of $0.92 and a two-hundred day moving average price of $1.26. urban-gro has a one year low of $0.60 and a one year high of $2.84.

urban-gro (NASDAQ:UGRO) last released its quarterly earnings data on Tuesday, February 18th. The company reported ($0.27) EPS for the quarter, missing analysts’ consensus estimates of ($0.12) by ($0.15). The business had revenue of $9.89 million for the quarter, compared to analysts’ expectations of $17.49 million.

Institutional Investors Weigh In On urban-gro

A number of institutional investors have recently modified their holdings of UGRO. Private Advisor Group LLC boosted its position in shares of urban-gro by 3.3% in the third quarter. Private Advisor Group LLC now owns 215,746 shares of the company’s stock valued at $298,000 after acquiring an additional 6,841 shares during the period. Garden State Investment Advisory Services LLC bought a new stake in shares of urban-gro in the third quarter valued at about $166,000. Evernest Financial Advisors LLC bought a new stake in shares of urban-gro in the fourth quarter valued at about $57,000. Finally, Virtu Financial LLC bought a new stake in shares of urban-gro in the fourth quarter valued at about $25,000. 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.