Cemtrex (NASDAQ:CETX) Coverage Initiated by Analysts at StockNews.com

StockNews.com started coverage on shares of Cemtrex (NASDAQ:CETX) in a research note published on Wednesday morning. The brokerage issued a hold rating on the industrial products company’s stock.

Cemtrex Stock Performance

NASDAQ:CETX opened at $1.24 on Wednesday. The firm has a market capitalization of $2.21 million, a PE ratio of 0.00 and a beta of 1.78. 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 business’s fifty day moving average price is $1.70 and its 200 day moving average price is $5.74. Cemtrex has a 12 month low of $1.14 and a 12 month high of $7,518.00.

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

Institutional Investors Weigh In On Cemtrex

A hedge fund recently bought a new stake in Cemtrex stock. Ground Swell Capital LLC bought a new stake in Cemtrex, Inc. (NASDAQ:CETX) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 13,807 shares of the industrial products company’s stock, valued at approximately $40,000. Ground Swell Capital LLC owned about 0.78% of Cemtrex as of its most recent filing with the Securities & Exchange Commission. 1.97% of the stock is owned by institutional investors.

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.