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

Research analysts at StockNews.com assumed coverage on shares of Cemtrex (NASDAQ:CETX) in a research report issued on Thursday. The brokerage set a “hold” rating on the industrial products company’s stock.

Cemtrex Stock Performance

NASDAQ:CETX opened at $1.22 on Thursday. The company has a market cap of $2.18 million, a price-to-earnings ratio of 0.00 and a beta of 1.78. Cemtrex has a fifty-two week low of $1.14 and a fifty-two week high of $6,699.00. The company has a debt-to-equity ratio of 2.68, a quick ratio of 1.06 and a current ratio of 1.17. The stock has a fifty day moving average price of $1.64 and a 200-day moving average price of $5.67.

Cemtrex (NASDAQ:CETX) last announced its quarterly earnings data on Friday, February 14th. The industrial products company reported ($16.15) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $42.00 by ($58.15). The firm had revenue of $13.74 million for the quarter. Cemtrex had a negative return on equity of 1,386.66% and a negative net margin of 54.57%.

Institutional Investors Weigh In On Cemtrex

An institutional investor recently bought a new position in Cemtrex stock. Ground Swell Capital LLC acquired a new position in shares of Cemtrex, Inc. (NASDAQ:CETX) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 13,807 shares of the industrial products company’s stock, valued at approximately $40,000. Ground Swell Capital LLC owned about 0.78% of Cemtrex as of its most recent SEC filing. Institutional investors own 1.97% of the company’s stock.

Cemtrex Company Profile

Cemtrex, Inc engages in the provision of solutions in the technology industry. It operates through the following segments: Security, Industrial Services, and Cemtrex Corporate. The Security segment provides end-to-end security solutions to meet corporate, industrial, and governmental security challenges.