CEA Industries (NASDAQ:CEAD) Stock Price Down 2.3% – Should You Sell?

CEA Industries Inc. (NASDAQ:CEAD) fell 2.3% on Wednesday . The stock traded as low as $7.90 and last traded at $7.92. 7,976 shares changed hands during trading, a decline of 35% from the average session volume of 12,241 shares. The stock had previously closed at $8.10.

CEA Industries Stock Down 2.3 %

The firm has a market capitalization of $6.35 million, a PE ratio of -1.81 and a beta of 0.77. The stock has a 50-day simple moving average of $8.67 and a 200-day simple moving average of $7.69.

Institutional Investors Weigh In On CEA Industries

A hedge fund recently bought a new stake in CEA Industries stock. Shay Capital LLC bought a new position in CEA Industries Inc. (NASDAQ:CEAD) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 13,961 shares of the company’s stock, valued at approximately $113,000. Shay Capital LLC owned approximately 1.74% of CEA Industries as of its most recent SEC filing. 21.64% of the stock is owned by institutional investors.

CEA Industries Company Profile

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.