Altex Industries (OTCMKTS:ALTX) Trading 0.4% Higher – Here’s Why

Altex Industries (OTCMKTS:ALTX) shot up 0.4% during trading on Friday . The stock traded as high as $0.2975 and last traded at $0.27. 3,150 shares changed hands during trading, a decline of 44% from the average session volume of 5,615 shares. The stock had previously closed at $0.2690.

Altex Industries Trading Up 0.4%

The stock has a 50-day moving average of $0.29 and a two-hundred day moving average of $0.32. The firm has a market cap of $3.02 million, a price-to-earnings ratio of -13.50 and a beta of 0.31.

Altex Industries (OTCMKTS:ALTX) last posted its quarterly earnings data on Friday, November 28th. The company reported ($0.01) earnings per share (EPS) for the quarter. Altex Industries had a negative return on equity of 18.61% and a negative net margin of 1,066.67%.

About Altex Industries

Altex Industries, Inc is a provider of commercial refrigeration and heating, ventilation and air conditioning (HVAC) equipment, serving foodservice, retail and industrial customers. The company focuses on the design, distribution and support of reliable, energy-efficient refrigeration systems tailored to applications such as walk-in coolers, freezers, display cases and ice machines. Through its network of regional service centers, Altex delivers turnkey solutions that span initial system design, equipment installation and ongoing maintenance.

On the product side, Altex offers a comprehensive lineup of packaged refrigeration units, condensing racks and evaporator coils, along with related controls and accessories.