Roth Capital initiated coverage on shares of GrowGeneration (OTCMKTS:GRWG) in a research report report published on Friday morning, The Fly reports. The brokerage issued a buy rating and a $7.50 target price on the stock.
Separately, Alliance Global Partners began coverage on shares of GrowGeneration in a research note on Thursday, September 19th. They issued a buy rating and a $8.00 price objective on the stock.
Shares of OTCMKTS GRWG traded up $0.16 during midday trading on Friday, reaching $3.75. 168,991 shares of the company were exchanged, compared to its average volume of 94,147. The stock’s 50-day moving average price is $4.78 and its 200-day moving average price is $3.76. The stock has a market cap of $139.44 million, a P/E ratio of -17.86 and a beta of 1.82. GrowGeneration has a one year low of $2.05 and a one year high of $5.75. The company has a quick ratio of 3.32, a current ratio of 5.73 and a debt-to-equity ratio of 0.14.
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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