Cemtrex (NASDAQ:CETX) Stock Price Crosses Below 50 Day Moving Average of $3.58

Cemtrex, Inc. (NASDAQ:CETX) shares crossed below its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $3.58 and traded as low as $1.65. Cemtrex shares last traded at $1.69, with a volume of 123,546 shares.

Wall Street Analysts Forecast Growth

Separately, StockNews.com assumed coverage on Cemtrex in a research note on Friday. They set a “hold” rating for the company.

Cemtrex Stock Down 21.8 %

The firm has a 50 day moving average price of $3.58 and a 200-day moving average price of $4.34. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.64 and a current ratio of 0.92.

Cemtrex (NASDAQ:CETX) last posted its quarterly earnings data 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). 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 analyst estimates of $15.79 million. During the same period in the prior year, the firm posted ($3.99) EPS.

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.