Cemtrex (NASDAQ:CETX) Share Price Passes Below 50 Day Moving Average of $3.27

Shares of Cemtrex, Inc. (NASDAQ:CETX) crossed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $3.27 and traded as low as $0.25. Cemtrex shares last traded at $0.28, with a volume of 3,217,485 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, StockNews.com started coverage on shares of Cemtrex in a research note on Saturday. They set a “hold” rating on the stock.

Cemtrex Stock Performance

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 company has a 50 day moving average of $3.27 and a 200 day moving average of $4.16.

Cemtrex (NASDAQ:CETX) last posted 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 for the quarter, compared to analysts’ expectations of $15.79 million. During the same quarter in the prior year, the firm earned ($3.99) earnings per share.

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.