Cemtrex (NASDAQ:CETX) Cut to “Hold” at Wall Street Zen

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

Cemtrex Price Performance

CETX stock opened at $1.27 on Friday. The stock has a market capitalization of $2.27 million, a PE ratio of 0.00 and a beta of 1.61. The company’s 50-day moving average is $1.19 and its 200-day moving average is $1.48. The company has a debt-to-equity ratio of 1.41, a current ratio of 1.21 and a quick ratio of 0.95. Cemtrex has a 1 year low of $0.85 and a 1 year high of $381.57.

Cemtrex (NASDAQ:CETX) last released its quarterly earnings data on Thursday, August 14th. The industrial products company reported ($1.78) earnings per share (EPS) for the quarter. Cemtrex had a negative return on equity of 458.07% and a negative net margin of 26.92%. The company had revenue of $16.97 million for the quarter.

Institutional Investors Weigh In On Cemtrex

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 filing with the SEC. The firm acquired 13,807 shares of the industrial products company’s stock, valued at approximately $40,000. Ground Swell Capital LLC owned about 0.78% of Cemtrex as of its most recent filing with the SEC. 1.97% of the stock is currently owned by institutional investors and hedge funds.

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.