Cemtrex (NASDAQ:CETX) Coverage Initiated by Analysts at StockNews.com

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

Cemtrex Stock Up 0.6 %

CETX stock opened at $1.56 on Friday. The stock has a market capitalization of $2.78 million, a PE ratio of 0.00 and a beta of 1.68. Cemtrex has a 52 week low of $1.14 and a 52 week high of $1,176.00. The company has a quick ratio of 1.06, a current ratio of 1.17 and a debt-to-equity ratio of 2.68. The firm has a 50 day moving average of $1.44 and a 200 day moving average of $3.05.

Cemtrex (NASDAQ:CETX) last posted its quarterly earnings data on Friday, February 14th. The industrial products company reported ($16.15) EPS for the quarter, missing the consensus estimate 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 company had revenue of $13.74 million for the quarter.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Cemtrex stock. Ground Swell Capital LLC acquired a new stake in Cemtrex, Inc. (NASDAQ:CETX) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 13,807 shares of the industrial products company’s stock, valued at approximately $40,000. Ground Swell Capital LLC owned 0.78% of Cemtrex as of its most recent SEC filing. 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.