Hydrofarm Holdings Group (NASDAQ:HYFM – Free Report) had its target price cut by Stifel Nicolaus from $0.90 to $0.75 in a research report released on Monday morning, Benzinga reports. They currently have a hold rating on the stock.
Hydrofarm Holdings Group Trading Up 1.3 %
NASDAQ HYFM opened at $0.64 on Monday. The stock’s 50-day moving average price is $0.72 and its two-hundred day moving average price is $0.85. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.31 and a current ratio of 3.15. Hydrofarm Holdings Group has a 1 year low of $0.61 and a 1 year high of $1.64.
Hydrofarm Holdings Group (NASDAQ:HYFM – Get Free Report) last posted its quarterly earnings data on Tuesday, May 14th. The company reported ($0.28) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.29) by $0.01. The firm had revenue of $54.17 million for the quarter, compared to the consensus estimate of $49.00 million. Hydrofarm Holdings Group had a negative return on equity of 16.55% and a negative net margin of 27.71%. During the same quarter in the previous year, the company earned ($0.34) EPS. As a group, equities research analysts expect that Hydrofarm Holdings Group will post -1.09 EPS for the current 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.
Read More
- Five stocks we like better than Hydrofarm Holdings Group
- Dividend Capture Strategy: What You Need to Know
- First Solar Stock: The Dawn of a New Rally in Share Prices
- What Does a Gap Up Mean in Stocks? How to Play the Gap
- Mastercard Stock’s Q2 Financial Results Outshine Competitors
- Election Stocks: How Elections Affect the Stock Market
- Tobacco Giant’s Shares Fall on EPS Miss, Lackluster Pouch Gains
Receive News & Ratings for Hydrofarm Holdings Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hydrofarm Holdings Group and related companies with MarketBeat.com's FREE daily email newsletter.