Favorable News Coverage Somewhat Unlikely to Affect Cemtrex (CETX) Share Price

Headlines about Cemtrex (NASDAQ:CETX) have been trending positive this week, Accern reports. The research firm identifies positive and negative news coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Cemtrex earned a daily sentiment score of 0.27 on Accern’s scale. Accern also gave news stories about the industrial products company an impact score of 45.23445125471 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.

Here are some of the news stories that may have impacted Accern’s analysis:

Shares of Cemtrex (CETX) traded up $0.04 during mid-day trading on Tuesday, reaching $2.90. 55,800 shares of the company traded hands, compared to its average volume of 384,778. Cemtrex has a 52 week low of $2.61 and a 52 week high of $8.41. The company has a quick ratio of 1.66, a current ratio of 2.55 and a debt-to-equity ratio of 0.26. The stock has a market capitalization of $29.31, a PE ratio of 5.50 and a beta of -0.47.

Cemtrex (NASDAQ:CETX) last issued its earnings results on Monday, August 14th. The industrial products company reported $0.11 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.12 by ($0.01). Cemtrex had a return on equity of 19.22% and a net margin of 4.05%. The company had revenue of $27.81 million during the quarter, compared to analysts’ expectations of $31.75 million. analysts predict that Cemtrex will post 0.34 EPS for the current year.

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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.

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