CEA Industries (NASDAQ:BNC) Releases Quarterly Earnings Results

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

CEA Industries Stock Up 0.9%

Shares of NASDAQ:BNC opened at $3.29 on Tuesday. The company has a market cap of $144.96 million, a P/E ratio of 1.21 and a beta of 0.67. CEA Industries has a 1-year low of $3.16 and a 1-year high of $82.88.

Institutional Investors Weigh In On CEA Industries

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

Analyst Upgrades and Downgrades

Separately, Weiss Ratings initiated coverage on CEA Industries in a research note on Monday, January 26th. They set a “sell (d)” rating for the company. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock has an average rating of “Sell”.

CEA Industries Company Profile

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.