CEA Industries (NASDAQ:BNC) Stock Rating Lowered by Wall Street Zen

CEA Industries (NASDAQ:BNC) was downgraded by stock analysts at Wall Street Zen from a “sell” rating to a “strong sell” rating in a report released on Saturday, Wall Street Zen reports.

Separately, Weiss Ratings raised shares of CEA Industries from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Monday, September 14th. One analyst has rated the stock with a Hold rating, According to MarketBeat, the stock currently has an average rating of “Hold”.

CEA Industries Price Performance

NASDAQ BNC opened at $5.98 on Friday. CEA Industries has a fifty-two week low of $1.84 and a fifty-two week high of $12.00. The business has a 50 day moving average price of $3.22 and a two-hundred day moving average price of $2.98. The stock has a market cap of $246.22 million, a PE ratio of 1.08 and a beta of 0.61.

CEA Industries (NASDAQ:BNC) last posted its earnings results on Tuesday, June 23rd. The company reported $6.20 EPS for the quarter. The business had revenue of $7.35 million for the quarter. CEA Industries had a net margin of 362.26% and a return on equity of 64.29%.

Institutional Trading of CEA Industries

Several institutional investors have recently added to or reduced their stakes in the stock. BTG Pactual Asset Management US LLC bought a new position in CEA Industries during the 2nd quarter valued at $1,077,000. Saba Capital Management L.P. grew its holdings in CEA Industries by 3.5% during the 1st quarter. Saba Capital Management L.P. now owns 1,143,533 shares of the company’s stock worth $3,339,000 after acquiring an additional 38,242 shares in the last quarter. Weiss Asset Management LP bought a new stake in shares of CEA Industries in the 1st quarter worth about $43,000. Aristides Capital LLC acquired a new stake in shares of CEA Industries in the 4th quarter valued at about $187,000. Finally, Arrington Capital Management LLC bought a new position in shares of CEA Industries during the fourth quarter worth about $2,058,000.

About CEA Industries

CEA Industries Inc (NASDAQ:BNC) is a holding company focused on the cannabis industry. The company seeks to acquire, develop and support consumer brands and operating businesses serving cannabis markets.

Rather than focusing on a single product, CEA Industries’ strategy is centered on building a portfolio of cannabis-related businesses. Its activities may include identifying acquisition opportunities, providing strategic support to portfolio companies and developing brands intended for regulated cannabis consumers.

The company has historically been associated with controlled-environment agriculture, including technologies and products used in indoor and greenhouse cultivation.