Altex Industries (OTCMKTS:ALTX) Shares Up 10.4% – Time to Buy?

Altex Industries (OTCMKTS:ALTXGet Free Report) was up 10.4% during mid-day trading on Wednesday . The company traded as high as $0.2440 and last traded at $0.2440. 500 shares changed hands during mid-day trading, a decline of 69% from the average daily volume of 1,619 shares. The stock had previously closed at $0.2210.

Altex Industries Price Performance

The firm has a market capitalization of $2.46 million, a price-to-earnings ratio of -22.00 and a beta of 0.36. The company’s 50 day moving average price is $0.24 and its 200 day moving average price is $0.26.

About Altex Industries

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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.

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