Cemtrex (NASDAQ:CETX) Now Covered by Analysts at StockNews.com

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

Cemtrex Price Performance

CETX stock opened at $1.47 on Tuesday. The company has a debt-to-equity ratio of 2.68, a current ratio of 1.17 and a quick ratio of 1.06. The stock has a market capitalization of $2.62 million, a P/E ratio of 0.00 and a beta of 1.97. Cemtrex has a fifty-two week low of $1.40 and a fifty-two week high of $9,029.79. The business has a 50-day moving average of $1.99 and a 200-day moving average of $6.05.

Cemtrex (NASDAQ:CETX) last released its earnings results on Friday, February 14th. The industrial products company reported ($16.15) EPS for the quarter, missing the consensus estimate of $42.00 by ($58.15). The firm had revenue of $13.74 million during the quarter. Cemtrex had a negative net margin of 54.57% and a negative return on equity of 1,386.66%.

Institutional Investors Weigh In On Cemtrex

A hedge fund recently bought a new stake in Cemtrex stock. Ground Swell Capital LLC acquired a new stake in Cemtrex, Inc. (NASDAQ:CETX) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 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 at the end of the most recent reporting period. Institutional investors own 1.97% of the company’s stock.

Cemtrex Company Profile

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.