Altex Industries (OTCMKTS:ALTX) Trading Down 10.4% – Time to Sell?

Altex Industries (OTCMKTS:ALTX) shares were down 10.4% on Wednesday . The stock traded as low as $0.2150 and last traded at $0.2150. Approximately 1,100 shares were traded during trading, an increase of 20% from the average daily volume of 920 shares. The stock had previously closed at $0.24.

Altex Industries Stock Performance

The firm has a market cap of $2.41 million, a price-to-earnings ratio of -21.50 and a beta of 0.22. The firm’s 50 day moving average is $0.25 and its 200-day moving average is $0.28.

Altex Industries Company Profile

Altex Industries, Inc is a provider of commercial refrigeration and heating, ventilation and air conditioning (HVAC) equipment, serving foodservice, retail and industrial customers. The company focuses on the design, distribution and support of reliable, energy-efficient refrigeration systems tailored to applications such as walk-in coolers, freezers, display cases and ice machines. Through its network of regional service centers, Altex delivers turnkey solutions that span initial system design, equipment installation and ongoing maintenance.

On the product side, Altex offers a comprehensive lineup of packaged refrigeration units, condensing racks and evaporator coils, along with related controls and accessories.