CEA Industries (NASDAQ:BNC) Posts Earnings Results

CEA Industries (NASDAQ:BNC) released its earnings results on Tuesday, June 23rd. The company reported $6.23 EPS for the quarter, FiscalAI reports. The company had revenue of $7.35 million for the quarter. CEA Industries had a net margin of 392.91% and a return on equity of 81.62%.

CEA Industries Trading Down 2.9%

Shares of BNC stock traded down $0.08 during trading hours on Thursday, reaching $2.70. 261,479 shares of the stock were exchanged, compared to its average volume of 654,018. CEA Industries has a 12-month low of $1.84 and a 12-month high of $82.88. The stock’s 50-day moving average is $2.70.

Analysts Set New Price Targets

Separately, Wall Street Zen cut shares of CEA Industries from a “hold” rating to a “sell” rating in a research report on Saturday, June 27th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock currently has an average rating of “Sell”.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Arrington Capital Management LLC bought a new stake in shares of CEA Industries in the 4th quarter valued at about $2,058,000. Marshall Wace LLP purchased a new stake in CEA Industries during the fourth quarter worth $287,000. OMERS ADMINISTRATION Corp purchased a new stake in CEA Industries during the fourth quarter worth $229,000. Charles Schwab Investment Management Inc. bought a new stake in CEA Industries during the 4th quarter valued at $225,000. Finally, Aristides Capital LLC bought a new position in shares of CEA Industries in the 4th quarter worth $187,000.

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.