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

Analysts at StockNews.com assumed coverage on shares of Cemtrex (NASDAQ:CETX) in a report released on Tuesday. The firm set a “hold” rating on the industrial products company’s stock.

Cemtrex Trading Up 2.8 %

NASDAQ:CETX opened at $1.48 on Tuesday. The company’s 50 day moving average is $1.95 and its 200-day moving average is $5.99. The company has a quick ratio of 1.06, a current ratio of 1.17 and a debt-to-equity ratio of 2.68. Cemtrex has a 12 month low of $1.40 and a 12 month high of $8,484.00. The firm has a market cap of $2.64 million, a price-to-earnings ratio of 0.00 and a beta of 1.78.

Cemtrex (NASDAQ:CETX) last announced its earnings results on Friday, February 14th. The industrial products company reported ($16.15) EPS for the quarter, missing the consensus estimate of $42.00 by ($58.15). Cemtrex had a negative return on equity of 1,386.66% and a negative net margin of 54.57%. The firm had revenue of $13.74 million during the quarter.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Cemtrex stock. Ground Swell Capital LLC acquired a new stake in Cemtrex, Inc. (NASDAQ:CETX) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 13,807 shares of the industrial products company’s stock, valued at approximately $40,000. Ground Swell Capital LLC owned approximately 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.

Cemtrex Company Profile

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.