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

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

Cemtrex Stock Performance

Shares of CETX opened at $2.05 on Monday. The company has a current ratio of 1.17, a quick ratio of 1.06 and a debt-to-equity ratio of 2.68. The stock has a market capitalization of $3.66 million, a P/E ratio of 0.00 and a beta of 1.68. The firm’s fifty day simple moving average is $1.47 and its two-hundred day simple moving average is $2.67. Cemtrex has a 12 month low of $1.14 and a 12 month high of $1,176.00.

Cemtrex (NASDAQ:CETX) last issued its quarterly earnings results on Thursday, May 15th. The industrial products company reported $6.42 EPS for the quarter. Cemtrex had a negative net margin of 54.57% and a negative return on equity of 1,386.66%.

Hedge Funds Weigh In On Cemtrex

A hedge fund recently bought a new stake in Cemtrex stock. Ground Swell Capital LLC acquired a new position in shares of Cemtrex, Inc. (NASDAQ:CETX) during the fourth quarter, according to the company in its most recent Form 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 approximately 0.78% of Cemtrex at the end of the most recent reporting period. 1.97% of the stock is currently owned by hedge funds and other institutional investors.

About Cemtrex

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.