CEA Industries (NASDAQ:BNC) Releases Earnings Results
by Danessa Lincoln · The Markets DailyCEA Industries (NASDAQ:BNC – Get Free Report) posted its quarterly earnings data on Friday. The company reported ($0.28) EPS for the quarter, FiscalAI reports. CEA Industries had a net margin of 392.91% and a return on equity of 81.62%. The firm had revenue of $7.17 million during the quarter.
CEA Industries Stock Performance
Shares of NASDAQ BNC traded down $0.19 during trading on Friday, hitting $4.80. 2,271,147 shares of the company traded hands, compared to its average volume of 790,077. The firm has a market capitalization of $197.62 million, a price-to-earnings ratio of 0.85 and a beta of 0.61. The business’s fifty day moving average is $2.92 and its 200 day moving average is $2.91. CEA Industries has a fifty-two week low of $1.84 and a fifty-two week high of $17.88.
Institutional Inflows and Outflows
Institutional investors have recently added to or reduced their stakes in the company. Balyasny Asset Management L.P. acquired a new stake in CEA Industries in the fourth quarter valued at approximately $81,000. Weiss Asset Management LP acquired a new position in shares of CEA Industries during the first quarter worth approximately $43,000. Price T Rowe Associates Inc. MD bought a new position in shares of CEA Industries in the 4th quarter worth $103,000. Schonfeld Strategic Advisors LLC bought a new position in shares of CEA Industries in the 4th quarter worth $108,000. Finally, Hudson Bay Capital Management LP acquired a new stake in CEA Industries in the 4th quarter valued at $116,000.
Wall Street Analysts Forecast Growth
Several research firms recently issued reports on BNC. Weiss Ratings upgraded shares of CEA Industries from a “sell (d)” rating to a “sell (d+)” rating in a report on Tuesday, July 28th. Wall Street Zen lowered CEA Industries from a “hold” rating to a “sell” rating in a research report on Saturday, June 27th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, CEA Industries currently has an average rating of “Sell”.
View Our Latest Research Report on CEA Industries
About CEA Industries
CEA Industries Inc provides technology, engineering, and other services to the controlled environment agriculture (CEA) industry worldwide. It offers floor plans and architectural design for cultivation facilities; licensed mechanical, electrical, and plumbing engineering services for commercial scale environmental control systems that are specific to cultivation facilities; and process cooling systems and other climate control systems. The company also provides air handling equipment and systems; LED lighting; benching and racking solutions for indoor cultivation; automation and control devices, systems, and technologies for environmental, lighting, and climate control applications; and preventive maintenance services for CEA facilities.