CEA Industries (NASDAQ:CEAD) Trading Up 5.4% – Here’s Why

CEA Industries Inc. (NASDAQ:CEAD)’s stock price was up 5.4% on Thursday . The stock 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 Stock Up 5.4%

The stock has a market cap of $4.10 million, a P/E ratio of -1.17 and a beta of 0.54. The stock has a fifty day simple moving average of $6.25 and a 200-day simple moving average of $11.01.

Institutional Investors Weigh In On CEA Industries

A hedge fund recently bought a new stake in CEA Industries stock. Modera Wealth Management LLC bought a new position in CEA Industries Inc. (NASDAQ:CEAD) during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 20,000 shares of the company’s stock, valued at approximately $201,000. Modera Wealth Management LLC owned 2.49% of CEA Industries as of its most recent filing with the Securities & Exchange Commission. 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.