Cemtrex (NASDAQ:CETX) Earns Hold Rating from Analysts at StockNews.com

StockNews.com began coverage on shares of Cemtrex (NASDAQ:CETX) in a research note issued to investors on Saturday. The brokerage set a “hold” rating on the industrial products company’s stock.

Cemtrex Stock Down 7.8 %

Cemtrex stock opened at $0.28 on Friday. Cemtrex has a fifty-two week low of $0.25 and a fifty-two week high of $11.45. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.64 and a current ratio of 0.92. The firm’s 50-day simple moving average is $3.27 and its 200 day simple moving average is $4.16.

Cemtrex (NASDAQ:CETX) last announced its earnings results on Monday, February 12th. The industrial products company reported ($1.15) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.86) by ($0.29). The business had revenue of $16.88 million during the quarter, compared to analysts’ expectations of $15.79 million. Cemtrex had a negative return on equity of 56.88% and a negative net margin of 6.41%. During the same quarter in the previous year, the firm earned ($3.99) EPS.

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.