CEA Industries (NASDAQ:BNC) Posts Earnings Results

CEA Industries (NASDAQ:BNC) posted its earnings results on Friday. The company reported ($0.28) EPS for the quarter, FiscalAI reports. The firm had revenue of $7.17 million for the quarter. CEA Industries had a return on equity of 81.62% and a net margin of 392.91%.

CEA Industries Stock Down 3.8%

Shares of BNC opened at $4.80 on Friday. The business’s 50 day moving average is $2.96 and its two-hundred day moving average is $2.93. CEA Industries has a 52-week low of $1.84 and a 52-week high of $17.88. The firm has a market cap of $197.62 million, a price-to-earnings ratio of 0.85 and a beta of 0.61.

Institutional Trading of CEA Industries

A number of hedge funds have recently made changes to their positions in the stock. Geode Capital Management LLC acquired a new stake in CEA Industries in the fourth quarter valued at $3,236,000. Aristides Capital LLC acquired a new position in CEA Industries during the 4th quarter worth $187,000. State Street Corp acquired a new position in CEA Industries during the 4th quarter worth $914,000. Charles Schwab Investment Management Inc. acquired a new position in CEA Industries during the 4th quarter worth $225,000. Finally, Alyeska Investment Group L.P. bought a new stake in shares of CEA Industries in the 4th quarter worth about $2,342,000.

Wall Street Analyst Weigh In

BNC has been the subject of a number of recent analyst reports. Wall Street Zen lowered shares of CEA Industries from a “hold” rating to a “sell” rating in a report on Saturday, June 27th. Weiss Ratings upgraded shares of CEA Industries from a “sell (d)” rating to a “sell (d+)” rating in a report on Tuesday, July 28th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the company presently has an average rating of “Sell”.

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.