CEA Industries (NASDAQ:BNC) Issues Earnings Results

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

CEA Industries Price Performance

NASDAQ BNC opened at $3.29 on Tuesday. The firm has a market capitalization of $144.96 million, a P/E ratio of 1.21 and a beta of 0.67. CEA Industries has a one year low of $3.16 and a one year high of $82.88.

Institutional Investors Weigh In On CEA Industries

A number of large investors have recently modified their holdings of BNC. Balyasny Asset Management L.P. purchased a new stake in shares of CEA Industries during the fourth quarter worth $81,000. Price T Rowe Associates Inc. MD purchased a new position in shares of CEA Industries in the fourth quarter worth about $103,000. Schonfeld Strategic Advisors LLC acquired a new position in CEA Industries during the fourth quarter worth about $108,000. Hudson Bay Capital Management LP acquired a new position in CEA Industries during the fourth quarter worth about $116,000. Finally, Squarepoint Ops LLC purchased a new stake in CEA Industries during the 4th quarter valued at about $159,000.

Analysts Set New Price Targets

Separately, Weiss Ratings started coverage on shares of CEA Industries in a research note on Monday, January 26th. They set a “sell (d)” rating for the company. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company currently has a consensus 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.