StockNews.com Begins Coverage on Cemtrex (NASDAQ:CETX)

StockNews.com initiated coverage on shares of Cemtrex (NASDAQ:CETX) in a research report report published on Monday. The firm issued a hold rating on the industrial products company’s stock.

Cemtrex Stock Down 10.2 %

CETX opened at $0.35 on Monday. The company has a debt-to-equity ratio of 4.18, a quick ratio of 1.16 and a current ratio of 1.57. Cemtrex has a fifty-two week low of $0.25 and a fifty-two week high of $10.58. The firm’s fifty day moving average is $2.32 and its 200 day moving average is $3.76. The stock has a market cap of $3.74 million, a price-to-earnings ratio of 0.65 and a beta of 2.36.

Cemtrex (NASDAQ:CETX) last released its earnings results on Tuesday, May 14th. The industrial products company reported ($1.46) earnings per share for the quarter. Cemtrex had a negative net margin of 7.64% and a negative return on equity of 74.68%. The firm had revenue of $17.16 million for the quarter. During the same quarter last year, the business posted ($0.75) EPS.

Cemtrex Company Profile

Cemtrex, Inc operates as a technology company in the United States and internationally. It operates through Security, Industrial Services, and Cemtrex Corporate segments. The company offers browser-based video monitoring and analytics-based recognition systems, cameras, servers, and access control systems for security and surveillance in industrial and commercial facilities, federal prisons, hospitals, universities, schools, and federal and state government offices; and provides critical security and video surveillance solutions utilizing artificial intelligence based data algorithms.