Cemtrex (NASDAQ:CETX) Earns Hold Rating from Analysts at StockNews.com

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

Cemtrex Trading Down 2.3 %

NASDAQ:CETX opened at $0.21 on Friday. The firm’s 50 day moving average is $0.45 and its two-hundred day moving average is $2.71. Cemtrex has a fifty-two week low of $0.21 and a fifty-two week high of $8.90. The company has a quick ratio of 1.16, a current ratio of 1.57 and a debt-to-equity ratio of 4.18.

Cemtrex (NASDAQ:CETX) last issued its earnings results on Tuesday, May 14th. The industrial products company reported ($1.46) earnings per share for the quarter. The firm had revenue of $17.16 million during the quarter. Cemtrex had a negative return on equity of 74.68% and a negative net margin of 7.64%. During the same quarter in the prior year, the business earned ($0.75) 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.