Zacks: Cemtrex Inc (CETX) Given Average Recommendation of “Buy” by Analysts

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

Brokerages have set a 1-year consensus price objective of $5.48 for the company and are predicting that the company will post $0.18 EPS for the current quarter, according to Zacks. Zacks has also assigned Cemtrex an industry rank of 185 out of 265 based on the ratings given to related companies.

Shares of Cemtrex (CETX) opened at $2.68 on Friday. Cemtrex has a one year low of $2.38 and a one year high of $8.41. The stock has a market cap of $28.18, a price-to-earnings ratio of 5.15 and a beta of -0.50. The company has a current ratio of 2.31, a quick ratio of 1.45 and a debt-to-equity ratio of 0.24.

A number of institutional investors have recently added to or reduced their stakes in CETX. Dimensional Fund Advisors LP acquired a new position in Cemtrex during the 2nd quarter worth $122,000. Macquarie Group Ltd. acquired a new position in Cemtrex during the 3rd quarter worth $147,000. Finally, AJO LP acquired a new position in Cemtrex during the 2nd quarter worth $268,000. 5.34% of the stock is currently owned by hedge funds and other institutional investors.

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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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