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

Equities research analysts at StockNews.com began coverage on shares of Cemtrex (NASDAQ:CETX) in a note issued to investors on Saturday. The brokerage set a “hold” rating on the industrial products company’s stock.

Cemtrex Price Performance

Shares of NASDAQ CETX opened at $0.22 on Friday. The company has a current ratio of 1.57, a quick ratio of 1.16 and a debt-to-equity ratio of 4.18. The company has a 50-day moving average price of $0.55 and a 200-day moving average price of $2.79. Cemtrex has a 1 year low of $0.21 and a 1 year high of $8.90.

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

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.