CEA Industries (NASDAQ:BNC) Releases Earnings Results

CEA Industries (NASDAQ:BNC) issued its quarterly earnings results on Tuesday. The company reported ($1.31) EPS for the quarter, reports. The company had revenue of $7.35 million for the quarter. CEA Industries had a return on equity of 135.54% and a net margin of 749.66%.

CEA Industries Trading Up 8.1%

Shares of BNC opened at $2.27 on Wednesday. CEA Industries has a 52 week low of $1.84 and a 52 week high of $82.88. The firm has a market cap of $97.38 million, a price-to-earnings ratio of 0.53 and a beta of 0.57. The business has a 50 day moving average price of $2.70.

Hedge Funds Weigh In On CEA Industries

Hedge funds have recently added to or reduced their stakes in the business. Saba Capital Management L.P. bought a new position in shares of CEA Industries in the 4th quarter worth about $7,096,000. Geode Capital Management LLC acquired a new position in shares of CEA Industries in the 4th quarter valued at about $3,236,000. Alyeska Investment Group L.P. bought a new stake in shares of CEA Industries during the 4th quarter valued at about $2,342,000. Arrington Capital Management LLC acquired a new stake in CEA Industries during the fourth quarter worth about $2,058,000. Finally, State Street Corp acquired a new stake in CEA Industries during the fourth quarter worth about $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.