Cemtrex (CETX) Posts Quarterly Earnings Results, Misses Estimates By $0.11 EPS

Cemtrex (NASDAQ:CETX) announced its quarterly earnings data on Wednesday. The industrial products company reported $0.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.18 by ($0.11), Bloomberg Earnings reports. Cemtrex had a net margin of 3.64% and a return on equity of 13.70%.

Shares of Cemtrex (NASDAQ:CETX) opened at $2.60 on Thursday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.45 and a current ratio of 2.31. Cemtrex has a 12-month low of $2.37 and a 12-month high of $6.07. The firm has a market capitalization of $28.92, a PE ratio of 5.27 and a beta of -0.37.

A hedge fund recently bought a new stake in Cemtrex stock. Dimensional Fund Advisors LP bought a new position in shares of Cemtrex Inc (NASDAQ:CETX) during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 33,965 shares of the industrial products company’s stock, valued at approximately $122,000. Dimensional Fund Advisors LP owned approximately 0.34% of Cemtrex as of its most recent filing with the SEC. Institutional investors own 5.22% of the company’s stock.

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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.

Earnings History for Cemtrex (NASDAQ:CETX)

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