urban-gro (NASDAQ:UGRO) Trading Up 0.7% – Should You Buy?

urban-gro, Inc. (NASDAQ:UGRO)’s stock price was up 0.7% on Wednesday . The stock traded as high as $1.61 and last traded at $1.49. Approximately 23,227 shares traded hands during trading, a decline of 63% from the average daily volume of 62,135 shares. The stock had previously closed at $1.48.

urban-gro Stock Up 0.7 %

The company has a 50 day moving average price of $1.51 and a 200-day moving average price of $1.46. The company has a market cap of $18.36 million, a price-to-earnings ratio of -1.09 and a beta of 1.93.

Institutional Trading of urban-gro

Several institutional investors have recently modified their holdings of UGRO. Garden State Investment Advisory Services LLC bought a new stake in urban-gro in the third quarter valued at approximately $166,000. Renaissance Technologies LLC raised its holdings in urban-gro by 26.9% during the 2nd quarter. Renaissance Technologies LLC now owns 50,000 shares of the company’s stock worth $66,000 after purchasing an additional 10,600 shares during the last quarter. Financial Advocates Investment Management lifted its position 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 worth $36,000 after purchasing an additional 7,000 shares during the period. Finally, Private Advisor Group LLC boosted its stake in shares of urban-gro by 3.3% in the 3rd quarter. Private Advisor Group LLC now owns 215,746 shares of the company’s stock valued at $298,000 after purchasing an additional 6,841 shares during the last quarter. Institutional investors own 20.56% of the company’s stock.

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.