Cemtrex (NASDAQ:CETX) Now Covered by StockNews.com

Equities researchers 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 $1.44 on Friday. The stock’s fifty day moving average price is $1.45 and its 200 day moving average price is $3.47. The company has a market cap of $2.57 million, a price-to-earnings ratio of 0.00 and a beta of 1.78. Cemtrex has a 1 year low of $1.14 and a 1 year high of $1,176.00. The company has a debt-to-equity ratio of 2.68, a current ratio of 1.17 and a quick ratio of 1.06.

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

Hedge Funds Weigh In On Cemtrex

An institutional investor recently bought a new position in Cemtrex stock. Ground Swell Capital LLC bought a new position in shares of Cemtrex, Inc. (NASDAQ:CETX) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 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 at the end of the most recent quarter. 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.