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

Cemtrex Inc. (NASDAQ:CETX)’s share price passed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $0.90 and traded as low as $0.8910. Cemtrex shares last traded at $0.9321, with a volume of 290,576 shares traded.

Wall Street Analyst Weigh In

Separately, Weiss Ratings upgraded Cemtrex from a “sell (e)” rating to a “sell (e+)” rating in a report on Friday, May 15th. One research analyst has rated the stock with a Sell rating, According to MarketBeat, the company has a consensus rating of “Sell”.

Cemtrex Trading Down 0.5%

The business has a fifty day moving average price of $0.90 and a 200 day moving average price of $1.92. The company has a market capitalization of $10.36 million, a PE ratio of -0.03 and a beta of 2.08. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.96 and a current ratio of 1.57.

Cemtrex (NASDAQ:CETX) last released its quarterly earnings data on Friday, May 15th. The industrial products company reported $0.11 EPS for the quarter, topping analysts’ consensus estimates of ($308,700.00) by $308,700.11. The company had revenue of $18.06 million for the quarter, compared to the consensus estimate of $8.29 million. Cemtrex had a negative return on equity of 142.99% and a negative net margin of 39.63%.

Institutional Investors Weigh In On Cemtrex

A number of hedge funds have recently bought and sold shares of CETX. Millennium Management LLC acquired a new stake in Cemtrex during the 4th quarter valued at approximately $70,000. Engineers Gate Manager LP acquired a new position in shares of Cemtrex in the 4th quarter worth approximately $115,000. Sabby Management LLC acquired a new position in shares of Cemtrex in the 3rd quarter worth approximately $141,000. Jane Street Group LLC acquired a new position in shares of Cemtrex in the 4th quarter worth approximately $186,000. Finally, Daytona Street Capital LLC acquired a new position in shares of Cemtrex in the 4th quarter worth approximately $5,456,000. Institutional investors and hedge funds 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.