Cemtrex (NASDAQ:CETX) Upgraded to “Buy” at Wall Street Zen

Wall Street Zen upgraded shares of Cemtrex (NASDAQ:CETX) to a buy rating in a research report released on Saturday morning.

Cemtrex Price Performance

Shares of Cemtrex stock opened at $1.04 on Friday. The company has a current ratio of 1.21, a quick ratio of 0.95 and a debt-to-equity ratio of 1.41. The stock has a market capitalization of $1.85 million, a price-to-earnings ratio of 0.00 and a beta of 1.52. Cemtrex has a 1-year low of $0.85 and a 1-year high of $529.20. The firm’s 50-day moving average price is $1.34 and its two-hundred day moving average price is $1.97.

Cemtrex (NASDAQ:CETX) last issued its quarterly earnings data on Thursday, May 15th. The industrial products company reported $6.42 earnings per share for the quarter. Cemtrex had a negative net margin of 33.76% and a negative return on equity of 627.53%.

Hedge Funds Weigh In On Cemtrex

A hedge fund recently bought a new stake in Cemtrex stock. Ground Swell Capital LLC acquired a new stake in Cemtrex Inc. (NASDAQ:CETX) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 13,807 shares of the industrial products company’s stock, valued at approximately $40,000. Ground Swell Capital LLC owned 0.78% of Cemtrex at the end of the most recent reporting period. 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.