Cemtrex (NASDAQ:CETX) Rating Increased to Hold at Wall Street Zen

Cemtrex (NASDAQ:CETX) was upgraded by research analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a research report issued on Sunday.

Separately, Weiss Ratings upgraded Cemtrex from a “sell (e)” rating to a “sell (e+)” rating in a report on Friday, May 15th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Cemtrex has an average rating of “Sell”.

Cemtrex Stock Performance

Shares of Cemtrex stock opened at $3.82 on Friday. The company has a current ratio of 1.57, a quick ratio of 1.29 and a debt-to-equity ratio of 0.25. The firm has a market capitalization of $4.24 million, a P/E ratio of -0.01 and a beta of 2.04. The business has a fifty day simple moving average of $9.13 and a two-hundred day simple moving average of $15.69. Cemtrex has a 12 month low of $3.45 and a 12 month high of $220.50.

Cemtrex (NASDAQ:CETX) last announced its quarterly earnings data on Friday, May 15th. The industrial products company reported $1.10 EPS for the quarter, beating the consensus estimate of ($3,087,000.00) by $3,087,001.10. The business had revenue of $18.06 million during the quarter, compared to analyst estimates of $8.29 million. Cemtrex had a negative return on equity of 142.99% and a negative net margin of 39.63%.

Hedge Funds Weigh In On Cemtrex

Several institutional investors and hedge funds have recently modified their holdings of the stock. Sabby Management LLC bought a new position in shares of Cemtrex during the third quarter valued at $141,000. Millennium Management LLC bought a new position in shares of Cemtrex during the fourth quarter valued at $70,000. Engineers Gate Manager LP bought a new position in shares of Cemtrex during the fourth quarter valued at $115,000. Jane Street Group LLC bought a new stake in Cemtrex in the 4th quarter worth about $186,000. Finally, Daytona Street Capital LLC bought a new stake in Cemtrex in the 4th quarter worth about $5,456,000. 1.97% of the stock is currently owned by institutional investors.

Cemtrex Company Profile

Cemtrex, Inc is an industrial technology company that develops and manufactures advanced electronics, automation systems and digital transformation solutions for a broad range of markets. Headquartered in New York, the company focuses on integrating hardware, software and connectivity to streamline industrial processes and enhance operational efficiency. Its core competencies include precision electronics assembly, automated manufacturing platforms and custom-engineered equipment for clients in transportation, energy and critical infrastructure sectors.

Through its Industrial Technologies segment, Cemtrex provides turn-key electronics manufacturing services, precision machining and robotic process automation.