CEA Industries (NASDAQ:CEAD) Trading Down 8.2% – Here’s Why

CEA Industries Inc. (NASDAQ:CEADGet Free Report) shares traded down 8.2% during mid-day trading on Thursday . The stock traded as low as $2.43 and last traded at $2.47. 223,596 shares changed hands during mid-day trading, an increase of 3,024% from the average session volume of 7,156 shares. The stock had previously closed at $2.69.

CEA Industries Stock Down 8.2%

The company has a 50 day simple moving average of $2.90 and a 200-day simple moving average of $4.53. The stock has a market capitalization of $1.98 million, a price-to-earnings ratio of -0.57 and a beta of 0.54.

CEA Industries Company Profile

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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.

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