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

StockNews.com initiated coverage on shares of Cemtrex (NASDAQ:CETX) in a research report released on Tuesday morning. The brokerage issued a hold rating on the industrial products company’s stock.

Cemtrex Stock Performance

Cemtrex stock opened at $3.98 on Tuesday. Cemtrex has a 52-week low of $2.91 and a 52-week high of $11.45. The firm has a fifty day moving average of $3.65 and a 200-day moving average of $4.55. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.92 and a quick ratio of 0.64.

Cemtrex (NASDAQ:CETX) last released 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). Cemtrex had a negative return on equity of 56.88% and a negative net margin of 6.41%. The business had revenue of $16.88 million during the quarter, compared to analyst estimates of $15.79 million. During the same period in the previous year, the company earned ($3.99) EPS. As a group, analysts predict that Cemtrex will post -1.27 EPS for the current year.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Cemtrex stock. Renaissance Technologies LLC bought a new position in shares of Cemtrex, Inc. (NASDAQ:CETX) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 144,688 shares of the industrial products company’s stock, valued at approximately $40,000. Renaissance Technologies LLC owned 0.59% of Cemtrex as of its most recent filing with the Securities and Exchange Commission (SEC). 1.97% of the stock is owned by institutional investors.

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.