Cemtrex (NASDAQ:CETX) Lowered to Hold Rating by StockNews.com

Cemtrex (NASDAQ:CETX) was downgraded by investment analysts at StockNews.com from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Wednesday.

Cemtrex Stock Performance

CETX traded down $0.07 during midday trading on Wednesday, hitting $2.33. The company had a trading volume of 27,747 shares, compared to its average volume of 129,311. The stock’s 50 day moving average price is $2.99 and its 200 day moving average price is $7.08. The company has a current ratio of 1.44, a quick ratio of 1.06 and a debt-to-equity ratio of 2.68. Cemtrex has a 52 week low of $2.30 and a 52 week high of $12,096.00.

About Cemtrex

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.