Cemtrex Inc (CETX) Shares Down 2.7%
Shares of Cemtrex Inc (NASDAQ:CETX) were down 2.7% during mid-day trading on Wednesday . The company traded as low as $3.93 and last traded at $3.96, with a volume of 60,260 shares changing hands. The stock had previously closed at $4.07.
Separately, Taglich Brothers upgraded Cemtrex from a “speculative buy” rating to a “buy” rating in a report on Wednesday, June 1st.
The stock’s 50 day moving average price is $4.82 and its 200-day moving average price is $3.34. The firm has a market capitalization of $37.55 million, a P/E ratio of 9.55 and a beta of -0.31.
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A hedge fund recently raised its stake in Cemtrex stock. Vanguard Group Inc. boosted its position in shares of Cemtrex Inc (NASDAQ:CETX) by 332.4% during the second quarter, according to its most recent filing with the SEC. The firm owned 72,105 shares of the company’s stock after buying an additional 55,431 shares during the period. Vanguard Group Inc. owned approximately 0.84% of Cemtrex worth $266,000 as of its most recent filing with the SEC.
Cemtrex, Inc is a diversified industrial and manufacturing company. The Company operates in a range of business segments and provides solutions to manufacturing industries. The Company provides electronic manufacturing services of electronic system assemblies, instruments and emission monitors for industrial processes, and industrial air filtration and environmental control systems.
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