CEA Industries (NASDAQ:CEAD) Share Price Crosses Below Fifty Day Moving Average – Here’s What Happened

CEA Industries Inc. (NASDAQ:CEAD)’s stock price passed below its 50 day moving average during trading on Tuesday. The stock has a 50 day moving average of $4.94 and traded as low as $4.6650. CEA Industries shares last traded at $4.69, with a volume of 1,147,852 shares changing hands.

CEA Industries Stock Performance

The business’s 50-day moving average price is $4.94 and its 200 day moving average price is $3.66. The company has a market cap of $3.76 million, a P/E ratio of -1.08 and a beta of 0.54.

Institutional Inflows and Outflows

An institutional investor recently bought a new stake in CEA Industries stock. BlackRock Inc. purchased a new position in shares of CEA Industries Inc. (NASDAQ:CEAD) in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 781,951 shares of the company’s stock, valued at approximately $2,127,000. BlackRock Inc. owned 97.50% of CEA Industries at the end of the most recent quarter. Institutional investors and hedge funds own 21.64% of the company’s stock.

About CEA Industries

CEA Industries, Inc (NASDAQ: CEAD) is a controlled-environment agriculture company that provides equipment and services for indoor cultivation. The company focuses primarily on the regulated cannabis industry, while its products and technologies may also support other commercial agriculture applications that require precise control of growing conditions.

Through its operating businesses, CEA Industries designs and supplies environmental-control solutions, including heating, ventilation, air-conditioning and dehumidification systems.