Cemtrex (NASDAQ:CETX) Coverage Initiated at StockNews.com

StockNews.com started coverage on shares of Cemtrex (NASDAQ:CETX) in a report released on Sunday. The brokerage issued a sell rating on the industrial products company’s stock.

Cemtrex Stock Down 3.3 %

Shares of NASDAQ:CETX opened at $0.29 on Friday. The company has a debt-to-equity ratio of 48.20, a current ratio of 1.89 and a quick ratio of 1.35. The business has a 50 day simple moving average of $0.34 and a two-hundred day simple moving average of $0.47. Cemtrex has a 1 year low of $0.27 and a 1 year high of $389.40. The firm has a market capitalization of $3.08 million, a PE ratio of 0.01 and a beta of 1.84.

Cemtrex (NASDAQ:CETX) last posted its quarterly earnings data on Wednesday, August 14th. The industrial products company reported ($0.18) earnings per share (EPS) for the quarter. Cemtrex had a negative net margin of 19.64% and a negative return on equity of 183.95%. The business had revenue of $14.69 million for the quarter.

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.