StockNews.com Begins Coverage on Cemtrex (NASDAQ:CETX)

Equities research analysts at StockNews.com assumed coverage on shares of Cemtrex (NASDAQ:CETX) in a research note issued on Monday. The brokerage set a “sell” rating on the industrial products company’s stock.

Cemtrex Price Performance

CETX stock opened at $0.21 on Monday. Cemtrex has a 1-year low of $0.20 and a 1-year high of $389.40. The business’s 50 day simple moving average is $0.35 and its 200 day simple moving average is $0.37. The company has a debt-to-equity ratio of 48.20, a current ratio of 1.89 and a quick ratio of 1.35.

Cemtrex (NASDAQ:CETX) last released its quarterly earnings data on Wednesday, August 14th. The industrial products company reported ($0.18) EPS for the quarter. The company had revenue of $14.69 million for the quarter. Cemtrex had a negative return on equity of 183.95% and a negative net margin of 19.64%.

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.