CEA Industries (NASDAQ:BNC) Posts Earnings Results

CEA Industries (NASDAQ:BNC) posted its earnings results on Tuesday. The company reported ($1.31) earnings per share (EPS) for the quarter, reports. CEA Industries had a net margin of 749.66% and a return on equity of 135.54%. The firm had revenue of $7.35 million during the quarter.

CEA Industries Stock Up 18.5%

NASDAQ:BNC opened at $2.69 on Thursday. The firm has a 50-day moving average of $2.69. The firm has a market capitalization of $115.40 million, a price-to-earnings ratio of 0.62 and a beta of 0.57. CEA Industries has a 1-year low of $1.84 and a 1-year high of $82.88.

Hedge Funds Weigh In On CEA Industries

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Citizens Financial Group Inc. RI acquired a new stake in shares of CEA Industries in the fourth quarter valued at about $91,000. Geode Capital Management LLC acquired a new stake in shares of CEA Industries during the fourth quarter worth $3,236,000. Aristides Capital LLC acquired a new position in shares of CEA Industries in the fourth quarter valued at about $187,000. State Street Corp bought a new position in CEA Industries during the fourth quarter worth about $914,000. Finally, Charles Schwab Investment Management Inc. bought a new position in CEA Industries during the fourth quarter worth about $225,000.

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.