Cemtrex (NASDAQ:CETX) Now Covered by Analysts at StockNews.com

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

Cemtrex Trading Up 4.3 %

NASDAQ CETX opened at $1.44 on Friday. The company has a quick ratio of 1.06, a current ratio of 1.17 and a debt-to-equity ratio of 2.68. The stock has a market capitalization of $2.57 million, a P/E ratio of 0.00 and a beta of 1.78. Cemtrex has a 52-week low of $1.14 and a 52-week high of $1,176.00. The firm has a 50-day moving average price of $1.45 and a 200 day moving average price of $3.47.

Cemtrex (NASDAQ:CETX) last announced its quarterly earnings data on Friday, February 14th. The industrial products company reported ($16.15) EPS for the quarter, missing the consensus estimate of $42.00 by ($58.15). The company had revenue of $13.74 million during the quarter. Cemtrex had a negative net margin of 54.57% and a negative return on equity of 1,386.66%.

Hedge Funds Weigh In On Cemtrex

A hedge fund recently bought a new stake in Cemtrex stock. Ground Swell Capital LLC purchased a new position in shares of Cemtrex, Inc. (NASDAQ:CETX) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 13,807 shares of the industrial products company’s stock, valued at approximately $40,000. Ground Swell Capital LLC owned 0.78% of Cemtrex as of its most recent SEC filing. 1.97% of the stock is currently owned by hedge funds and other institutional investors.

About Cemtrex

Cemtrex, Inc engages in the provision of solutions in the technology industry. It operates through the following segments: Security, Industrial Services, and Cemtrex Corporate. The Security segment provides end-to-end security solutions to meet corporate, industrial, and governmental security challenges.