Cemtrex (NASDAQ:CETX) Receives New Coverage from Analysts at StockNews.com

StockNews.com began coverage on shares of Cemtrex (NASDAQ:CETX) in a research note released on Thursday morning. The brokerage issued a hold rating on the industrial products company’s stock.

Cemtrex Stock Down 2.4 %

Shares of CETX stock traded down $0.00 during trading hours on Thursday, reaching $0.15. 166,550 shares of the company’s stock were exchanged, compared to its average volume of 1,107,587. The stock’s 50 day moving average is $0.24 and its 200-day moving average is $1.85. The company has a market cap of $1.63 million, a price-to-earnings ratio of 0.29 and a beta of 1.85. The company has a current ratio of 1.57, a quick ratio of 1.16 and a debt-to-equity ratio of 4.18. Cemtrex has a fifty-two week low of $0.14 and a fifty-two week high of $7.42.

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

Cemtrex Company Profile

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.