CEA Industries (NASDAQ:CEAD) Trading Down 1.4% – Should You Sell?

CEA Industries Inc. (NASDAQ:CEAD)’s stock price was down 1.4% on Friday . The company traded as low as $21.00 and last traded at $21.30. Approximately 91,313 shares were traded during mid-day trading, an increase of 674% from the average daily volume of 11,794 shares. The stock had previously closed at $21.60.

CEA Industries Stock Performance

The stock has a 50-day moving average of $16.99 and a two-hundred day moving average of $11.37. The company has a market cap of $17.08 million, a P/E ratio of -4.88 and a beta of 0.54.

Institutional Trading of CEA Industries

A number of hedge funds have recently bought and sold shares of CEAD. Shay Capital LLC bought a new stake in CEA Industries in the 4th quarter worth approximately $113,000. Modera Wealth Management LLC bought a new stake in CEA Industries in the 2nd quarter worth approximately $201,000. Finally, Murchinson Ltd. bought a new stake in CEA Industries in the 1st quarter worth approximately $230,000. Institutional investors own 21.64% of the company’s stock.

About CEA Industries

CEA Industries Inc provides environmental control, and other technologies and services to the controlled environment agriculture (CEA) industry worldwide. It offers floor plans and architectural design for cultivation facilities; licensed mechanical, electrical, and plumbing engineering services for commercial scale environmental control systems that are specific to cultivation facilities; and process cooling systems and other climate control systems.