Shares of Cemtrex Inc (NASDAQ:CETX) have been assigned an average broker rating score of 2.00 (Buy) from the one analysts that cover the company, Zacks Investment Research reports. One research analyst has rated the stock with a buy rating.

Brokers have set a 1 year consensus price target of $5.48 for the company and are forecasting that the company will post $0.07 EPS for the current quarter, according to Zacks. Zacks has also given Cemtrex an industry rank of 226 out of 265 based on the ratings given to its competitors.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP bought a new stake in shares of Cemtrex in the 2nd quarter worth approximately $122,000. Macquarie Group Ltd. bought a new stake in shares of Cemtrex in the 3rd quarter worth approximately $147,000. Finally, AJO LP bought a new stake in shares of Cemtrex in the 2nd quarter worth approximately $268,000. Institutional investors and hedge funds own 5.50% of the company’s stock.

Cemtrex (NASDAQ CETX) traded down $0.02 during midday trading on Tuesday, hitting $2.67. 64,200 shares of the company were exchanged, compared to its average volume of 364,830. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.55 and a quick ratio of 1.66. Cemtrex has a twelve month low of $2.61 and a twelve month high of $8.41. The company has a market cap of $27.36, a P/E ratio of 5.17 and a beta of 5.22.

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About Cemtrex

Cemtrex, Inc is a diversified technology company, which provides solutions to industrial and manufacturing needs. The Company provides manufacturing services of electronic system assemblies; provides broad-based industrial services, instruments and emission monitors for industrial processes, and provides industrial air filtration and environmental control systems.

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