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

StockNews.com began coverage on shares of Cemtrex (NASDAQ:CETX) in a report issued on Wednesday morning. The firm issued a hold rating on the industrial products company’s stock.

Cemtrex Price Performance

Cemtrex stock opened at $1.24 on Wednesday. The company has a current ratio of 1.17, a quick ratio of 1.06 and a debt-to-equity ratio of 2.68. The company has a 50-day moving average price of $1.70 and a 200 day moving average price of $5.74. Cemtrex has a 12-month low of $1.14 and a 12-month high of $7,518.00. The stock has a market cap of $2.21 million, a P/E ratio of 0.00 and a beta of 1.78.

Cemtrex (NASDAQ:CETX) last issued its quarterly earnings data on Friday, February 14th. The industrial products company reported ($16.15) earnings per share (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%.

Institutional Trading of Cemtrex

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