CEA Industries (NASDAQ:BNC) Lowered to Sell Rating by Wall Street Zen

CEA Industries (NASDAQ:BNC) was downgraded by equities research analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a research note issued to investors on Saturday.

CEA Industries Trading Down 0.3%

Shares of BNC opened at $3.04 on Friday. CEA Industries has a 1 year low of $1.84 and a 1 year high of $82.88. The firm has a market capitalization of $125.43 million, a P/E ratio of 0.70 and a beta of 0.57. The company’s fifty day moving average price is $2.70.

CEA Industries (NASDAQ:BNC) last released its quarterly earnings results on Tuesday, June 23rd. The company reported ($1.31) EPS for the quarter. CEA Industries had a return on equity of 81.62% and a net margin of 392.91%.The firm had revenue of $7.35 million for the quarter.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Saba Capital Management L.P. increased its stake in shares of CEA Industries by 3.5% in the first quarter. Saba Capital Management L.P. now owns 1,143,533 shares of the company’s stock valued at $3,339,000 after purchasing an additional 38,242 shares during the period. Geode Capital Management LLC acquired a new position in shares of CEA Industries during the fourth quarter worth approximately $3,236,000. Alyeska Investment Group L.P. acquired a new position in shares of CEA Industries during the fourth quarter worth approximately $2,342,000. Arrington Capital Management LLC acquired a new position in shares of CEA Industries during the fourth quarter worth approximately $2,058,000. Finally, State Street Corp bought a new position in CEA Industries in the 4th quarter worth approximately $914,000.

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.