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

Equities research analysts at StockNews.com started coverage on shares of Cemtrex (NASDAQ:CETX) in a report released on Thursday. The firm set a “hold” rating on the industrial products company’s stock.

Cemtrex Stock Performance

Cemtrex stock opened at $3.03 on Thursday. The company has a current ratio of 0.92, a quick ratio of 0.64 and a debt-to-equity ratio of 0.92. The business’s 50-day simple moving average is $3.63 and its two-hundred day simple moving average is $4.41. Cemtrex has a fifty-two week low of $2.91 and a fifty-two week high of $11.45.

Cemtrex (NASDAQ:CETX) last posted its quarterly 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 for the quarter, compared to analysts’ expectations 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 in the previous year, the firm posted ($3.99) EPS.

Institutional Trading of Cemtrex

A hedge fund recently bought a new stake in Cemtrex stock. Citadel Advisors LLC bought a new position in Cemtrex, Inc. (NASDAQ:CETX) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 14,165 shares of the industrial products company’s stock, valued at approximately $105,000. Citadel Advisors LLC owned about 1.42% of Cemtrex as of its most recent SEC filing. Institutional investors own 1.97% of the company’s stock.

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.