Daytona Street Capital LLC Acquires Shares of 2,106,400 Cemtrex Inc. $CETX

Daytona Street 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 Securities & Exchange Commission. The fund acquired 2,106,400 shares of the industrial products company’s stock, valued at approximately $5,456,000. Cemtrex comprises approximately 3.6% of Daytona Street Capital LLC’s investment portfolio, making the stock its 2nd biggest position. Daytona Street Capital LLC owned 24.49% of Cemtrex at the end of the most recent quarter.

Separately, Sabby Management LLC bought a new stake in Cemtrex in the third quarter valued at approximately $141,000. Hedge funds and other institutional investors own 1.97% of the company’s stock.

Cemtrex Stock Performance

Shares of CETX stock opened at $0.80 on Tuesday. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.96 and a current ratio of 2.38. Cemtrex Inc. has a fifty-two week low of $0.51 and a fifty-two week high of $42.60. The stock has a 50 day moving average price of $1.08 and a two-hundred day moving average price of $3.00. The company has a market capitalization of $8.02 million, a P/E ratio of 0.01 and a beta of 1.44.

Cemtrex (NASDAQ:CETX) last announced its earnings results on Tuesday, February 17th. The industrial products company reported ($7.91) EPS for the quarter. The business had revenue of $16.13 million for the quarter. Cemtrex had a negative net margin of 25.25% and a negative return on equity of 127.57%.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Cemtrex in a research report on Wednesday, January 21st. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the stock currently has a consensus rating of “Sell”.

Cemtrex Profile

Cemtrex, Inc is an industrial technology company that develops and manufactures advanced electronics, automation systems and digital transformation solutions for a broad range of markets. Headquartered in New York, the company focuses on integrating hardware, software and connectivity to streamline industrial processes and enhance operational efficiency. Its core competencies include precision electronics assembly, automated manufacturing platforms and custom-engineered equipment for clients in transportation, energy and critical infrastructure sectors.

Through its Industrial Technologies segment, Cemtrex provides turn-key electronics manufacturing services, precision machining and robotic process automation.