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

Stock analysts at StockNews.com initiated coverage on shares of Cemtrex (NASDAQ:CETX) in a research report issued to clients and investors on Saturday. The brokerage set a “sell” rating on the industrial products company’s stock.

Cemtrex Price Performance

Shares of CETX opened at $0.29 on Friday. The business has a 50-day simple moving average of $0.32 and a two-hundred day simple moving average of $0.63. Cemtrex has a 12-month low of $0.27 and a 12-month high of $389.40. The stock has a market cap of $3.09 million, a PE ratio of 0.01 and a beta of 1.84. The company has a quick ratio of 1.35, a current ratio of 1.89 and a debt-to-equity ratio of 48.20.

Cemtrex (NASDAQ:CETX) last released 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 firm had revenue of $14.69 million during the quarter.

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.