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

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

Cemtrex Trading Down 7.8 %

Shares of CETX stock opened at $0.28 on Friday. Cemtrex has a 1-year low of $0.25 and a 1-year high of $11.45. 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’s 50-day moving average is $3.27 and its 200 day moving average is $4.15.

Cemtrex (NASDAQ:CETX) last announced its earnings results on Monday, February 12th. The industrial products company reported ($1.15) earnings per share for the quarter, missing the consensus estimate of ($0.86) by ($0.29). The firm 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 business earned ($3.99) earnings per share.

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.