Zacks: Cemtrex Inc (CETX) Receives Average Rating of “Buy” from Brokerages

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

Analysts have set a twelve-month consensus price target of $5.48 for the company and are expecting that the company will post $0.18 EPS for the current quarter, according to Zacks. Zacks has also assigned Cemtrex an industry rank of 200 out of 265 based on the ratings given to related companies.

An institutional investor recently bought a new position in Cemtrex stock. Dimensional Fund Advisors LP purchased a new stake in shares of Cemtrex Inc (NASDAQ:CETX) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 33,965 shares of the industrial products company’s stock, valued at approximately $122,000. Dimensional Fund Advisors LP owned 0.34% of Cemtrex as of its most recent filing with the Securities and Exchange Commission. Hedge funds and other institutional investors own 5.34% of the company’s stock.

Cemtrex (CETX) opened at $2.78 on Wednesday. Cemtrex has a 1 year low of $2.38 and a 1 year high of $7.50. The stock has a market capitalization of $29.66, a price-to-earnings ratio of 5.35 and a beta of -0.37. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.45 and a current ratio of 2.31.

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Cemtrex Company Profile

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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