Cemtrex (NASDAQ:CETX) Earns Hold Rating from Analysts at StockNews.com

Analysts at StockNews.com initiated coverage on shares of Cemtrex (NASDAQ:CETX) in a research report issued to clients and investors on Friday. The brokerage set a “hold” rating on the industrial products company’s stock.

Cemtrex Trading Down 21.8 %

Cemtrex stock opened at $1.69 on Friday. The company has a current ratio of 0.92, a quick ratio of 0.64 and a debt-to-equity ratio of 0.92. Cemtrex has a 12-month low of $1.65 and a 12-month high of $11.45. The firm’s fifty day moving average is $3.58 and its 200 day moving average is $4.34.

Cemtrex (NASDAQ:CETX) last released its quarterly earnings data on Monday, February 12th. The industrial products company reported ($1.15) earnings per share for the quarter, missing the consensus estimate of ($0.86) by ($0.29). The business had revenue of $16.88 million for the quarter, compared to analyst estimates of $15.79 million. Cemtrex had a negative return on equity of 56.88% and a negative net margin of 6.41%. During the same quarter in the previous year, the company posted ($3.99) EPS.

About Cemtrex

Cemtrex, Inc operates as a technology company in the United States and internationally. It operates through Security, Industrial Services, and Cemtrex Corporate segments. The company offers browser-based video monitoring and analytics-based recognition systems, cameras, servers, and access control systems for security and surveillance in industrial and commercial facilities, federal prisons, hospitals, universities, schools, and federal and state government offices; and provides critical security and video surveillance solutions utilizing artificial intelligence based data algorithms.