Wall Street Zen Upgrades Cemtrex (NASDAQ:CETX) to “Buy”

Cemtrex (NASDAQ:CETX) was upgraded by stock analysts at Wall Street Zen to a “buy” rating in a report issued on Saturday.

Cemtrex Stock Up 2.0%

Cemtrex stock opened at $1.04 on Friday. The company has a market capitalization of $1.85 million, a P/E ratio of 0.00 and a beta of 1.52. The firm’s fifty day simple moving average is $1.34 and its 200-day simple moving average is $1.98. The company has a current ratio of 1.21, a quick ratio of 0.95 and a debt-to-equity ratio of 1.41. Cemtrex has a 1-year low of $0.85 and a 1-year high of $529.20.

Cemtrex (NASDAQ:CETX) last announced its earnings results on Thursday, May 15th. The industrial products company reported $6.42 EPS for the quarter. Cemtrex had a negative net margin of 33.76% and a negative return on equity of 627.53%.

Institutional Inflows and Outflows

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