Hydrofarm Holdings Group, Inc. (NASDAQ:HYFM – Get Free Report)’s stock price rose 2.3% on Wednesday . The stock traded as high as $3.70 and last traded at $3.62. Approximately 5,915 shares changed hands during mid-day trading, a decline of 93% from the average daily volume of 88,047 shares. The stock had previously closed at $3.54.
Hydrofarm Holdings Group Stock Up 2.3%
The company has a quick ratio of 0.97, a current ratio of 2.22 and a debt-to-equity ratio of 0.56. The firm has a 50 day moving average of $3.22 and a two-hundred day moving average of $4.46. The firm has a market capitalization of $16.80 million, a price-to-earnings ratio of -0.24 and a beta of 2.39.
Hydrofarm Holdings Group (NASDAQ:HYFM – Get Free Report) last posted its earnings results on Tuesday, May 13th. The company reported ($3.12) EPS for the quarter, missing analysts’ consensus estimates of ($2.50) by ($0.62). Hydrofarm Holdings Group had a negative return on equity of 24.85% and a negative net margin of 38.77%. The company had revenue of $40.53 million during the quarter, compared to the consensus estimate of $52.58 million. During the same period last year, the company posted ($2.55) EPS. As a group, sell-side analysts anticipate that Hydrofarm Holdings Group, Inc. will post -13.3 EPS for the current fiscal year.
Hedge Funds Weigh In On Hydrofarm Holdings Group
About Hydrofarm Holdings Group
Hydrofarm Holdings Group, Inc, together with its subsidiaries, manufactures and distributes controlled environment agriculture (CEA) equipment and supplies in the United States and Canada. The company provides agricultural lighting devices, indoor climate control equipment, and nutrients, as well as plant additives used to grow, farm, and cultivate cannabis, flowers, fruits, plants, vegetables, grains, and herbs in controlled environment.
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