StockNews.com Begins Coverage on Cemtrex (NASDAQ:CETX)

StockNews.com began coverage on shares of Cemtrex (NASDAQ:CETX) in a report published on Saturday morning. The firm issued a hold rating on the industrial products company’s stock.

Cemtrex Price Performance

CETX stock opened at $0.22 on Friday. The company has a debt-to-equity ratio of 4.18, a quick ratio of 1.16 and a current ratio of 1.57. The business has a 50 day simple moving average of $0.49 and a 200-day simple moving average of $2.75. Cemtrex has a 1 year low of $0.21 and a 1 year high of $8.90.

Cemtrex (NASDAQ:CETX) last posted its quarterly earnings results on Tuesday, May 14th. The industrial products company reported ($1.46) earnings per share (EPS) for the quarter. The company had revenue of $17.16 million during the quarter. Cemtrex had a negative net margin of 7.64% and a negative return on equity of 74.68%. During the same period in the previous year, the business earned ($0.75) EPS.

About Cemtrex

Cemtrex, Inc operates as a technology company in the United States and internationally. It operates through Security, Industrial Services, and Cemtrex Corporate segments. The company offers browser-based video monitoring and analytics-based recognition systems, cameras, servers, and access control systems for security and surveillance in industrial and commercial facilities, federal prisons, hospitals, universities, schools, and federal and state government offices; and provides critical security and video surveillance solutions utilizing artificial intelligence based data algorithms.