CEA Industries (NASDAQ:CEAD) Stock Jumps 4.3% – Still a Buy?

CEA Industries Inc. (NASDAQ:CEAD) shot up 4.3% on Wednesday. The stock traded as high as $6.11 and last traded at $5.87. 903,755 shares traded hands during trading, an increase of 12,529% from the average daily volume of 7,156 shares. The stock had previously closed at $5.63.

CEA Industries Stock Performance

The company has a market cap of $4.80 million, a price-to-earnings ratio of -1.37 and a beta of 0.54. The business has a 50-day simple moving average of $3.72 and a 200-day simple moving average of $3.12.

Institutional Inflows and Outflows

An institutional investor recently bought a new stake in CEA Industries stock. Citizens Financial Group Inc. RI acquired a new stake in CEA Industries Inc. (NASDAQ:CEAD) during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 14,144 shares of the company’s stock, valued at approximately $38,000. Citizens Financial Group Inc. RI owned about 1.76% of CEA Industries at the end of the most recent quarter. 21.64% of the stock is owned by institutional investors.

CEA Industries Company Profile

CEA Industries, Inc (NASDAQ: CEAD) is a holding company focused on the controlled-environment agriculture and cannabis industries. The company develops, manufactures and sells equipment and systems designed to help indoor cultivation operators manage growing conditions and improve operational efficiency.

Through its Surna business, CEA Industries has provided climate-control solutions for indoor growing facilities, including heating, ventilation and air-conditioning systems, dehumidification equipment, environmental controls and related engineering services.