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

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

Cemtrex Price Performance

NASDAQ CETX opened at $3.06 on Thursday. The company has a quick ratio of 0.64, a current ratio of 0.92 and a debt-to-equity ratio of 0.92. The stock has a 50-day moving average of $3.63 and a two-hundred day moving average of $4.40. Cemtrex has a 1-year low of $2.91 and a 1-year high of $11.45.

Cemtrex (NASDAQ:CETX) last announced its quarterly earnings data on Monday, February 12th. The industrial products company reported ($1.15) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.86) by ($0.29). The business had revenue of $16.88 million during the quarter, compared to analyst estimates of $15.79 million. Cemtrex had a negative net margin of 6.41% and a negative return on equity of 56.88%. During the same quarter last year, the firm posted ($3.99) EPS.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Cemtrex stock. Renaissance Technologies LLC acquired a new stake in Cemtrex, Inc. (NASDAQ:CETX) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 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. 1.97% of the stock is owned by institutional investors and hedge funds.

About Cemtrex

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.