CEA Industries (NASDAQ:BNC) Posts Earnings Results

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

CEA Industries Stock Down 3.8%

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

Institutional Trading of CEA Industries

A number of large investors have recently modified their holdings of BNC. Saba Capital Management L.P. boosted its holdings in CEA Industries by 3.5% in the first quarter. Saba Capital Management L.P. now owns 1,143,533 shares of the company’s stock valued at $3,339,000 after purchasing an additional 38,242 shares during the period. Geode Capital Management LLC purchased a new stake in shares of CEA Industries in the 4th quarter valued at approximately $3,236,000. BTG Pactual Asset Management US LLC acquired a new stake in shares of CEA Industries in the 2nd quarter valued at $1,077,000. Alyeska Investment Group L.P. acquired a new stake in shares of CEA Industries in the 4th quarter valued at $2,342,000. Finally, Arrington Capital Management LLC acquired a new stake in CEA Industries in the fourth quarter valued at $2,058,000.

Analysts Set New Price Targets

A number of research firms have commented on BNC. Wall Street Zen cut CEA Industries from a “hold” rating to a “sell” rating in a research note on Saturday, June 27th. Weiss Ratings upgraded CEA Industries from a “sell (d)” rating to a “sell (d+)” rating in a report on Tuesday, July 28th. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, CEA Industries presently 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.