Hydrofarm Holdings Group (NASDAQ:HYFM) Trading 2.9% Higher – What’s Next?

Hydrofarm Holdings Group, Inc. (NASDAQ:HYFM) rose 2.9% during mid-day trading on Friday . The stock traded as high as $0.71 and last traded at $0.70. Approximately 89,812 shares changed hands during mid-day trading, a decline of 49% from the average daily volume of 175,650 shares. The stock had previously closed at $0.68.

Hydrofarm Holdings Group Stock Performance

The stock’s 50 day moving average price is $0.66 and its two-hundred day moving average price is $0.66. The firm has a market capitalization of $32.30 million, a PE ratio of -0.50 and a beta of 1.91. The company has a current ratio of 3.24, a quick ratio of 1.41 and a debt-to-equity ratio of 0.51.

Institutional Trading of Hydrofarm Holdings Group

Large investors have recently made changes to their positions in the stock. Vanguard Group Inc. raised its holdings in Hydrofarm Holdings Group by 18.2% in the 1st quarter. Vanguard Group Inc. now owns 1,876,913 shares of the company’s stock valued at $2,027,000 after acquiring an additional 288,701 shares during the last quarter. Renaissance Technologies LLC lifted its stake in shares of Hydrofarm Holdings Group by 6.7% in the 2nd quarter. Renaissance Technologies LLC now owns 730,600 shares of the company’s stock valued at $504,000 after purchasing an additional 45,800 shares in the last quarter. Jane Street Group LLC grew its stake in Hydrofarm Holdings Group by 82.2% during the third quarter. Jane Street Group LLC now owns 45,115 shares of the company’s stock worth $31,000 after buying an additional 20,357 shares during the period. Geode Capital Management LLC boosted its position in Hydrofarm Holdings Group by 5.9% during the 3rd quarter. Geode Capital Management LLC now owns 475,634 shares of the company’s stock worth $328,000 after purchasing an additional 26,350 shares during the period. Finally, XTX Topco Ltd grew its stake in shares of Hydrofarm Holdings Group by 80.3% in the third quarter. XTX Topco Ltd now owns 42,982 shares of the company’s stock valued at $30,000 after buying an additional 19,147 shares in the last quarter. Institutional investors and hedge funds own 26.61% of the company’s stock.

Hydrofarm Holdings Group Company Profile

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.