Cemtrex (NASDAQ:CETX) Coverage Initiated at StockNews.com

StockNews.com started coverage on shares of Cemtrex (NASDAQ:CETX) in a report released on Wednesday. The brokerage issued a hold rating on the industrial products company’s stock.

Cemtrex Price Performance

NASDAQ:CETX traded down $0.08 during trading hours on Wednesday, hitting $1.25. The stock had a trading volume of 10,698 shares, compared to its average volume of 156,547. The company has a 50 day simple moving average of $1.75 and a two-hundred day simple moving average of $5.80. The firm has a market capitalization of $2.23 million, a price-to-earnings ratio of 0.00 and a beta of 1.78. The company has a debt-to-equity ratio of 2.68, a current ratio of 1.17 and a quick ratio of 1.06. Cemtrex has a one year low of $1.14 and a one year high of $7,560.00.

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

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 fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund 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 filing with the Securities and Exchange Commission. Hedge funds and other institutional investors own 1.97% of the company’s stock.

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.