CEA Industries (NASDAQ:BNC) Lowered to "Strong Sell" Rating by Wall Street Zen

Key Points

• Wall Street Zen downgraded CEA Industries from “sell” to “strong sell,” while Weiss Ratings upgraded it to “hold.” The stock’s overall analyst consensus remains “Hold.”
• CEA Industries shares opened at $5.98, up 10.3%, with a market capitalization of approximately $246.2 million. The stock has traded between $1.84 and $12.00 over the past year.
• The company reported quarterly earnings of $6.20 per share on revenue of $7.35 million, alongside a 362.26% net margin and 64.29% return on equity.

CEA Industries (NASDAQ:BNC - Get Free Report) was downgraded by investment analysts at Wall Street Zen from a "sell" rating to a "strong sell" rating in a research note issued to investors on Saturday, Wall Street Zen reports.

Separately, Weiss Ratings upgraded CEA Industries from a "sell (d+)" rating to a "hold (c-)" rating in a report on Monday. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, CEA Industries presently has a consensus rating of "Hold".

CEA Industries Stock Up 10.3%

CEA Industries stock opened at $5.98 on Friday. The stock has a market capitalization of $246.20 million, a PE ratio of 1.08 and a beta of 0.61. CEA Industries has a twelve month low of $1.84 and a twelve month high of $12.00. The company has a 50 day moving average of $3.22 and a 200-day moving average of $2.98.

CEA Industries (NASDAQ:BNC - Get Free Report) last issued its quarterly earnings data on Tuesday, June 23rd. The company reported $6.20 earnings per share (EPS) for the quarter. The company had revenue of $7.35 million during the quarter. CEA Industries had a net margin of 362.26% and a return on equity of 64.29%.

Institutional Trading of CEA Industries

A number of institutional investors have recently made changes to their positions in the business. BTG Pactual Asset Management US LLC acquired a new position in CEA Industries during the second quarter worth $1,077,000. Saba Capital Management L.P. increased its stake in CEA Industries by 3.5% in the 1st quarter. Saba Capital Management L.P. now owns 1,143,533 shares of the company's stock valued at $3,339,000 after buying an additional 38,242 shares during the last quarter. Weiss Asset Management LP bought a new stake in CEA Industries during the 1st quarter worth about $43,000. Aristides Capital LLC bought a new stake in CEA Industries during the 4th quarter worth about $187,000. Finally, Arrington Capital Management LLC acquired a new position in shares of CEA Industries during the 4th quarter worth about $2,058,000.

CEA Industries Company Profile

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.

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