StockNews.com Begins Coverage on Cemtrex (NASDAQ:CETX)

Research analysts at StockNews.com started coverage on shares of Cemtrex (NASDAQ:CETX) in a report released on Sunday. The firm set a “hold” rating on the industrial products company’s stock.

Cemtrex Trading Down 1.3%

NASDAQ:CETX opened at $1.54 on Friday. Cemtrex has a 12-month low of $1.14 and a 12-month high of $1,176.00. The firm has a market capitalization of $2.75 million, a P/E ratio of 0.00 and a beta of 1.68. The company has a debt-to-equity ratio of 2.68, a current ratio of 1.17 and a quick ratio of 1.06. The business has a 50 day simple moving average of $1.44 and a 200 day simple moving average of $2.94.

Cemtrex (NASDAQ:CETX) last announced its quarterly earnings data on Friday, February 14th. The industrial products company reported ($16.15) earnings per share for the quarter, missing the consensus estimate of $42.00 by ($58.15). The firm 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 Investors Weigh In On Cemtrex

An institutional investor recently bought a new position in Cemtrex stock. Ground Swell Capital LLC purchased a new stake in shares of Cemtrex, Inc. (NASDAQ:CETX) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund 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 at the end of the most recent quarter. Institutional investors and hedge funds own 1.97% of the company’s stock.

Cemtrex Company Profile

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.