Hydrofarm Holdings Group (NASDAQ:HYFM) Trading Down 5.7% – Here’s What Happened

Hydrofarm Holdings Group, Inc. (NASDAQ:HYFM)’s stock price traded down 5.7% during mid-day trading on Friday . The company traded as low as $0.72 and last traded at $0.7920. 81,876 shares changed hands during mid-day trading, an increase of 7% from the average session volume of 76,493 shares. The stock had previously closed at $0.8401.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Hydrofarm Holdings Group in a report on Wednesday. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Hydrofarm Holdings Group currently has an average rating of “Sell”.

Hydrofarm Holdings Group Stock Performance

The company has a market capitalization of $3.77 million, a price-to-earnings ratio of -0.01 and a beta of 2.31. The company has a debt-to-equity ratio of 0.67, a current ratio of 0.33 and a quick ratio of 0.14. The firm has a fifty day simple moving average of $0.98 and a 200 day simple moving average of $1.28.

Hydrofarm Holdings Group (NASDAQ:HYFM) last released its quarterly earnings results on Friday, May 15th. The company reported ($3.07) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($1.28) by ($1.79). The company had revenue of $28.52 million during the quarter, compared to analyst estimates of $57.69 million. Hydrofarm Holdings Group had a negative net margin of 237.25% and a negative return on equity of 500.33%.

Hedge Funds Weigh In On Hydrofarm Holdings Group

Hedge funds have recently made changes to their positions in the company. Jane Street Group LLC acquired a new stake in shares of Hydrofarm Holdings Group in the fourth quarter worth approximately $34,000. DRW Securities LLC lifted its holdings in Hydrofarm Holdings Group by 261.4% in the 4th quarter. DRW Securities LLC now owns 38,840 shares of the company’s stock valued at $59,000 after purchasing an additional 28,093 shares in the last quarter. Finally, Citadel Advisors LLC acquired a new stake in Hydrofarm Holdings Group during the 3rd quarter worth $59,000. Institutional investors and hedge funds own 26.61% of the company’s stock.

About Hydrofarm Holdings Group

Hydrofarm Holdings Group, Inc provides a comprehensive portfolio of products and services for controlled environment agriculture (CEA) and indoor gardening. The company’s offerings include horticultural lighting systems, environmental controls, nutrient and irrigation solutions, growing media, and greenhouse and nursery equipment. These products are designed to support commercial growers, research institutions, and home gardening enthusiasts by optimizing plant growth and resource efficiency in indoor and greenhouse environments.

Founded in 1977 and headquartered in Fairless Hills, Pennsylvania, Hydrofarm has grown through a combination of product innovation and strategic acquisitions.