Cemtrex (NASDAQ:CETX) Earns Hold Rating from Analysts at StockNews.com

Stock analysts at StockNews.com started coverage on shares of Cemtrex (NASDAQ:CETX) in a report issued on Wednesday. The brokerage set a “hold” rating on the industrial products company’s stock.

Cemtrex Stock Down 5.5 %

Shares of CETX opened at $0.13 on Wednesday. Cemtrex has a fifty-two week low of $0.13 and a fifty-two week high of $6.49. The firm has a 50 day moving average price of $0.16 and a 200-day moving average price of $1.04. The company has a debt-to-equity ratio of 48.20, a quick ratio of 1.35 and a current ratio of 1.89.

Cemtrex (NASDAQ:CETX) last posted its quarterly earnings results on Wednesday, August 14th. The industrial products company reported ($0.18) earnings per share for the quarter. Cemtrex had a negative return on equity of 183.95% and a negative net margin of 19.64%. The business had revenue of $14.69 million during the quarter.

About Cemtrex

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.