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

StockNews.com initiated coverage on shares of Cemtrex (NASDAQ:CETX) in a research report sent to investors on Tuesday. The brokerage issued a hold rating on the industrial products company’s stock.

Cemtrex Stock Performance

NASDAQ CETX opened at $1.32 on Tuesday. The stock has a market cap of $2.36 million, a PE ratio of 0.00 and a beta of 1.78. Cemtrex has a twelve month low of $1.31 and a twelve month high of $8,400.00. The stock has a fifty day simple moving average of $1.92 and a 200-day simple moving average of $5.96. The company has a current ratio of 1.17, a quick ratio of 1.06 and a debt-to-equity ratio of 2.68.

Cemtrex (NASDAQ:CETX) last announced its earnings results 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). Cemtrex had a negative net margin of 54.57% and a negative return on equity of 1,386.66%. The firm had revenue of $13.74 million during the quarter.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Cemtrex stock. Ground Swell Capital LLC purchased a new position in shares of Cemtrex, Inc. (NASDAQ:CETX) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 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 SEC filing. 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.