Altex Industries (OTCMKTS:ALTX) Shares Up 20% – What’s Next?

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

Altex Industries Price Performance

The stock has a 50-day moving average price of $0.23 and a 200-day moving average price of $0.25. The company has a market capitalization of $2.69 million, a price-to-earnings ratio of -24.00 and a beta of 0.37.

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.