Altex Industries (OTCMKTS:ALTX) Trading 20% Higher – What’s Next?

Altex Industries (OTCMKTS:ALTX)’s share price rose 20% during mid-day trading on Thursday . The company traded as high as $0.24 and last traded at $0.24. 100 shares changed hands during trading, a decline of 82% from the average session volume of 552 shares. The stock had previously closed at $0.20.

Altex Industries Stock Performance

The company has a market cap of $2.69 million, a price-to-earnings ratio of -24.00 and a beta of 0.37. The firm has a fifty day moving average price of $0.23 and a 200 day moving average price of $0.25.

Altex Industries Company Profile

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.