CEA Industries (NASDAQ:CEAD) Shares Up 5.4% – Here’s What Happened

CEA Industries Inc. (NASDAQ:CEAD) rose 5.4% during trading on Thursday . The company traded as high as $5.21 and last traded at $5.11. Approximately 507,136 shares traded hands during mid-day trading, an increase of 4,200% from the average daily volume of 11,794 shares. The stock had previously closed at $4.85.

CEA Industries Price Performance

The stock has a market cap of $4.10 million, a price-to-earnings ratio of -1.17 and a beta of 0.54. The stock’s 50 day simple moving average is $6.25 and its two-hundred day simple moving average is $11.01.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in CEA Industries stock. Modera Wealth Management LLC acquired a new stake in shares of CEA Industries Inc. (NASDAQ:CEAD) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 20,000 shares of the company’s stock, valued at approximately $201,000. Modera Wealth Management LLC owned approximately 2.49% of CEA Industries at the end of the most recent quarter. Hedge funds and other institutional investors own 21.64% of the company’s stock.

About CEA Industries

CEA Industries Inc provides environmental control, and other technologies and 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.