Cemtrex (NASDAQ:CETX) Share Price Crosses Below Fifty Day Moving Average – Should You Sell?

Cemtrex Inc. (NASDAQ:CETX)’s share price passed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $5.01 and traded as low as $2.90. Cemtrex shares last traded at $3.06, with a volume of 160,836 shares changing hands.

Analyst Ratings Changes

Several brokerages recently commented on CETX. Wall Street Zen raised shares of Cemtrex from a “sell” rating to a “hold” rating in a research note on Sunday, June 14th. Weiss Ratings upgraded Cemtrex from a “sell (e)” rating to a “sell (e+)” rating in a research note on Friday, May 15th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Sell”.

Cemtrex Stock Performance

The company has a fifty day moving average price of $4.90 and a two-hundred day moving average price of $10.16. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.57 and a quick ratio of 1.29. The company has a market capitalization of $3.00 million, a P/E ratio of -0.01 and a beta of 2.11.

Cemtrex (NASDAQ:CETX) last issued its quarterly earnings data on Friday, May 15th. The industrial products company reported $0.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($3,087,000.00) by $3,087,000.11. Cemtrex had a negative net margin of 39.63% and a negative return on equity of 142.99%. The business had revenue of $18.06 million during the quarter, compared to analyst estimates of $8.29 million.

Institutional Trading of Cemtrex

Several institutional investors have recently modified their holdings of CETX. Millennium Management LLC acquired a new stake in Cemtrex in the fourth quarter valued at $70,000. Engineers Gate Manager LP bought a new stake in shares of Cemtrex in the 4th quarter valued at about $115,000. Jane Street Group LLC acquired a new stake in shares of Cemtrex in the fourth quarter valued at about $186,000. Finally, Daytona Street Capital LLC bought a new position in shares of Cemtrex during the fourth quarter worth about $5,456,000. Institutional investors own 1.97% of the company’s stock.

About Cemtrex

Cemtrex, Inc is an industrial technology company that develops and manufactures advanced electronics, automation systems and digital transformation solutions for a broad range of markets. Headquartered in New York, the company focuses on integrating hardware, software and connectivity to streamline industrial processes and enhance operational efficiency. Its core competencies include precision electronics assembly, automated manufacturing platforms and custom-engineered equipment for clients in transportation, energy and critical infrastructure sectors.

Through its Industrial Technologies segment, Cemtrex provides turn-key electronics manufacturing services, precision machining and robotic process automation.