Cemtrex (NASDAQ:CETX) Now Covered by StockNews.com

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

Cemtrex Stock Down 5.3 %

Shares of NASDAQ:CETX opened at $1.26 on Wednesday. The business has a fifty day simple moving average of $1.73 and a 200 day simple moving average of $5.77. Cemtrex has a 12-month low of $1.14 and a 12-month high of $7,518.00. The firm has a market cap of $2.25 million, a P/E ratio of 0.00 and a beta of 1.78. The company has a quick ratio of 1.06, a current ratio of 1.17 and a debt-to-equity ratio of 2.68.

Cemtrex (NASDAQ:CETX) last issued 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 company 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 bought a new position in Cemtrex, Inc. (NASDAQ:CETX) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 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 as of its most recent filing with the Securities and Exchange Commission (SEC). 1.97% of the stock is currently owned by institutional investors.

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.