Initiates Coverage on Cemtrex (NASDAQ:CETX)

Analysts at began coverage on shares of Cemtrex (NASDAQ:CETXGet Free Report) in a research note issued on Wednesday. The firm set a “hold” rating on the industrial products company’s stock.

Cemtrex Stock Down 7.5 %

NASDAQ:CETX opened at $0.33 on Wednesday. Cemtrex has a 1 year low of $0.25 and a 1 year high of $10.58. The stock has a 50-day moving average price of $1.81 and a two-hundred day moving average price of $3.52. The company has a debt-to-equity ratio of 4.18, a current ratio of 1.57 and a quick ratio of 1.16.

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

About Cemtrex

(Get Free Report)

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.

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