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

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

Cemtrex Price Performance

Shares of NASDAQ:CETX opened at $3.42 on Wednesday. The firm’s 50-day moving average is $3.66 and its two-hundred day moving average is $4.48. Cemtrex has a 1 year low of $2.91 and a 1 year high of $11.45. The company has a current ratio of 0.92, a quick ratio of 0.64 and a debt-to-equity ratio of 0.92.

Cemtrex (NASDAQ:CETX) last posted its earnings results on Monday, February 12th. The industrial products company reported ($1.15) EPS for the quarter, missing the consensus estimate of ($0.86) by ($0.29). The business had revenue of $16.88 million during the quarter, compared to analysts’ expectations of $15.79 million. Cemtrex had a negative net margin of 6.41% and a negative return on equity of 56.88%. During the same period last year, the company earned ($3.99) EPS. Analysts anticipate that Cemtrex will post -1.27 EPS for the current year.

Institutional Investors Weigh In On Cemtrex

An institutional investor recently bought a new position in Cemtrex stock. Renaissance Technologies LLC purchased a new stake in Cemtrex, Inc. (NASDAQ:CETX) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 144,688 shares of the industrial products company’s stock, valued at approximately $40,000. Renaissance Technologies LLC owned about 0.59% of Cemtrex at the end of the most recent reporting period. Hedge funds and other institutional investors own 1.97% of the company’s stock.

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.