Alliance Global Partners initiated coverage on shares of GrowGeneration (OTCMKTS:GRWG) in a research note published on Thursday morning, The Fly reports. The firm issued a buy rating and a $8.00 price objective on the stock.
OTCMKTS:GRWG opened at $5.09 on Thursday. The company has a current ratio of 5.73, a quick ratio of 3.32 and a debt-to-equity ratio of 0.14. The firm has a fifty day simple moving average of $4.96 and a 200-day simple moving average of $3.61. GrowGeneration has a 12 month low of $2.05 and a 12 month high of $5.75. The company has a market capitalization of $182.58 million, a P/E ratio of -24.24 and a beta of 1.92.
GrowGeneration (OTCMKTS:GRWG) last issued its earnings results on Thursday, August 8th. The company reported $0.05 earnings per share (EPS) for the quarter. GrowGeneration had a negative net margin of 3.80% and a negative return on equity of 2.70%. The firm had revenue of $19.48 million during the quarter. Equities analysts forecast that GrowGeneration will post 0.02 EPS for the current year.
GrowGeneration Company Profile
GrowGeneration Corp., through its subsidiaries, operates retail hydroponic stores. It offers farming soil, hydroponic equipment, lighting, plant nutrients, and various other products. The company serves home growers of organic vegetables and fruits, do-it yourselfers, and growers in the cannabis related markets.
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