Altex Industries (OTCMKTS:ALTX) Stock Price Down 3.2% – What’s Next?

Altex Industries (OTCMKTS:ALTX) was down 3.2% during trading on Wednesday . The company traded as low as $0.2710 and last traded at $0.2710. Approximately 500 shares traded hands during mid-day trading, a decline of 30% from the average daily volume of 713 shares. The stock had previously closed at $0.28.

Altex Industries Stock Down 3.2%

The stock has a market cap of $3.03 million, a P/E ratio of -27.10 and a beta of 0.11. The stock has a fifty day simple moving average of $0.29 and a 200-day simple moving average of $0.30.

Altex Industries (OTCMKTS:ALTX) last announced its quarterly earnings results on Friday, November 28th. The company reported ($0.01) earnings per share for the quarter. Altex Industries had a negative net margin of 530.00% and a negative return on equity of 7.80%.

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.