Cemtrex (NASDAQ:CETX) Receives New Coverage from Analysts at StockNews.com

Research analysts at StockNews.com started coverage on shares of Cemtrex (NASDAQ:CETX) in a research report issued on Tuesday. The firm set a “hold” rating on the industrial products company’s stock.

Cemtrex Stock Performance

Cemtrex stock opened at $4.02 on Tuesday. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.92 and a quick ratio of 0.64. The company’s 50-day moving average price is $3.64 and its two-hundred day moving average price is $4.56. Cemtrex has a 52 week low of $2.91 and a 52 week high of $11.45.

Cemtrex (NASDAQ:CETX) last announced its quarterly earnings data on Monday, February 12th. The industrial products company reported ($1.15) earnings per share (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 analyst estimates of $15.79 million. Cemtrex had a negative return on equity of 56.88% and a negative net margin of 6.41%. During the same period in the prior year, the firm earned ($3.99) EPS. As a group, analysts expect that Cemtrex will post -1.27 EPS for the current fiscal year.

Hedge Funds Weigh In On Cemtrex

An institutional investor recently bought a new position in Cemtrex stock. Renaissance Technologies LLC acquired a new position in Cemtrex, Inc. (NASDAQ:CETX) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 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. 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.