LADENBURG THALM/SH SH began coverage on shares of GrowGeneration (OTCMKTS:GRWG) in a report issued on Monday, October 14th, BenzingaRatingsTable reports. The firm issued a buy rating and a $7.00 price target on the stock.
A number of other research analysts also recently commented on the company. Alliance Global Partners began coverage on GrowGeneration in a research note on Thursday, September 19th. They set a buy rating and a $8.00 price objective for the company. Roth Capital began coverage on GrowGeneration in a research note on Friday, October 11th. They set a buy rating and a $7.50 price objective for the company. Five investment analysts have rated the stock with a buy rating, The stock presently has an average rating of Buy and an average price target of $6.94.
Shares of OTCMKTS:GRWG traded up $0.30 during trading on Monday, reaching $4.42. 174,319 shares of the stock were exchanged, compared to its average volume of 123,745. The firm’s 50-day moving average price is $4.15 and its 200 day moving average price is $3.89. The firm has a market cap of $150.31 million, a price-to-earnings ratio of -19.62 and a beta of 1.79. The company has a debt-to-equity ratio of 0.14, a quick ratio of 3.32 and a current ratio of 5.73. GrowGeneration has a 12-month low of $2.05 and a 12-month high of $5.75.
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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