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

Analysts at StockNews.com started coverage on shares of Cemtrex (NASDAQ:CETX) in a research note issued to investors on Thursday. The firm set a “hold” rating on the industrial products company’s stock.

Cemtrex Price Performance

NASDAQ:CETX opened at $1.22 on Thursday. The firm’s fifty day moving average price is $1.64 and its two-hundred day moving average price is $5.67. The company has a debt-to-equity ratio of 2.68, a current ratio of 1.17 and a quick ratio of 1.06. The company has a market cap of $2.18 million, a P/E ratio of 0.00 and a beta of 1.78. Cemtrex has a one year low of $1.14 and a one year high of $6,699.00.

Cemtrex (NASDAQ:CETX) last released its quarterly earnings results on Friday, February 14th. The industrial products company reported ($16.15) earnings per share for the quarter, missing the consensus estimate of $42.00 by ($58.15). Cemtrex had a negative net margin of 54.57% and a negative return on equity of 1,386.66%. The company had revenue of $13.74 million during the quarter.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Cemtrex stock. Ground Swell Capital LLC purchased a new stake in Cemtrex, Inc. (NASDAQ:CETX) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 13,807 shares of the industrial products company’s stock, valued at approximately $40,000. Ground Swell Capital LLC owned approximately 0.78% of Cemtrex as of its most recent filing with the Securities & Exchange Commission. Hedge funds and other institutional investors own 1.97% of the company’s stock.

About Cemtrex

Cemtrex, Inc engages in the provision of solutions in the technology industry. It operates through the following segments: Security, Industrial Services, and Cemtrex Corporate. The Security segment provides end-to-end security solutions to meet corporate, industrial, and governmental security challenges.