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

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

Cemtrex Price Performance

NASDAQ:CETX opened at $0.28 on Friday. The company has a current ratio of 0.92, a quick ratio of 0.64 and a debt-to-equity ratio of 0.92. Cemtrex has a 12 month low of $0.25 and a 12 month high of $11.45. The business’s 50-day moving average is $3.27 and its 200 day moving average is $4.16.

Cemtrex (NASDAQ:CETX) last issued its quarterly earnings data on Monday, February 12th. The industrial products company reported ($1.15) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.86) by ($0.29). Cemtrex had a negative net margin of 6.41% and a negative return on equity of 56.88%. The company had revenue of $16.88 million for the quarter, compared to analysts’ expectations of $15.79 million. During the same quarter last year, the company 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.