CEA Industries (NASDAQ:BNC) Announces Quarterly Earnings Results

CEA Industries (NASDAQ:BNC) issued its quarterly earnings data on Monday. The company reported $0.29 earnings per share for the quarter, Zacks reports. The firm had revenue of $7.33 million for the quarter. CEA Industries had a net margin of 1,746.98% and a return on equity of 218.07%.

CEA Industries Price Performance

BNC stock opened at $3.29 on Tuesday. The stock has a market capitalization of $144.96 million, a P/E ratio of 1.21 and a beta of 0.67. CEA Industries has a fifty-two week low of $3.16 and a fifty-two week high of $82.88.

Institutional Trading of CEA Industries

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Balyasny Asset Management L.P. acquired a new stake in shares of CEA Industries in the 4th quarter worth approximately $81,000. Price T Rowe Associates Inc. MD acquired a new position in shares of CEA Industries during the fourth quarter valued at approximately $103,000. Schonfeld Strategic Advisors LLC bought a new stake in CEA Industries during the fourth quarter worth approximately $108,000. Hudson Bay Capital Management LP bought a new stake in CEA Industries during the fourth quarter worth approximately $116,000. Finally, Squarepoint Ops LLC acquired a new stake in CEA Industries in the fourth quarter worth approximately $159,000.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings assumed coverage on shares of CEA Industries in a research note on Monday, January 26th. They issued a “sell (d)” rating on the stock. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the company currently has a consensus 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.