CEA Industries (NASDAQ:CEAD) Share Price Crosses Below Fifty Day Moving Average – Here’s What Happened

CEA Industries Inc. (NASDAQ:CEAD)’s stock price passed below its 50 day moving average during trading on Tuesday. The stock has a 50 day moving average of $4.94 and traded as low as $4.6650. CEA Industries shares last traded at $4.69, with a volume of 1,147,852 shares traded.

CEA Industries Trading Down 5.3%

The company’s 50-day simple moving average is $4.94 and its 200-day simple moving average is $3.66. The stock has a market capitalization of $3.76 million, a price-to-earnings ratio of -1.08 and a beta of 0.54.

Institutional Investors Weigh In On CEA Industries

A hedge fund recently bought a new position in CEA Industries stock. Citizens Financial Group Inc. RI bought a new stake in CEA Industries Inc. (NASDAQ:CEAD) in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm bought 14,144 shares of the company’s stock, valued at approximately $38,000. Citizens Financial Group Inc. RI owned 1.76% of CEA Industries at the end of the most recent reporting period. 21.64% of the stock is owned by institutional investors and hedge funds.

CEA Industries Company Profile

CEA Industries, Inc (NASDAQ: CEAD) is a controlled-environment agriculture company that provides equipment and services for indoor cultivation. The company focuses primarily on the regulated cannabis industry, while its products and technologies may also support other commercial agriculture applications that require precise control of growing conditions.

Through its operating businesses, CEA Industries designs and supplies environmental-control solutions, including heating, ventilation, air-conditioning and dehumidification systems.