Cemtrex (NASDAQ:CETX) Sees Unusually-High Trading Volume

Shares of Cemtrex Inc (NASDAQ:CETX) saw unusually-high trading volume on Wednesday . Approximately 53,049,559 shares changed hands during mid-day trading, an increase of 893% from the previous session’s volume of 5,343,110 shares.The stock last traded at $1.82 and had previously closed at $1.18.

The company has a debt-to-equity ratio of 0.29, a current ratio of 1.28 and a quick ratio of 0.77. The firm has a 50 day moving average of $1.32 and a 200-day moving average of $1.56.

Hedge funds have recently modified their holdings of the stock. Morgan Stanley bought a new stake in shares of Cemtrex in the second quarter valued at approximately $25,000. Wedbush Securities Inc. bought a new stake in shares of Cemtrex in the third quarter valued at approximately $38,000. Finally, Jane Street Group LLC bought a new stake in shares of Cemtrex in the second quarter valued at approximately $52,000. Institutional investors and hedge funds own 8.80% of the company’s stock.

About Cemtrex (NASDAQ:CETX)

Cemtrex, Inc primarily provides electronic manufacturing services. The company operates through three segments: Advanced Technologies, Electronics Manufacturing, and Industrial Technology. The Advanced Technologies segment provides SmartDesk, an IoT product for the desktop PC market; and related white glove installation, extended warranties, and accessories directly to consumers, as well as through value added resellers for enterprises.

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