Cemtrex (NASDAQ:CETX) Posts Earnings Results, Beats Estimates By $3,086,996.81 EPS

Cemtrex (NASDAQ:CETX) announced its quarterly earnings data on Friday. The industrial products company reported ($3.19) EPS for the quarter, beating analysts’ consensus estimates of ($3,087,000.00) by $3,086,996.81, Zacks reports. Cemtrex had a negative return on equity of 142.99% and a negative net margin of 39.63%.

Cemtrex Price Performance

NASDAQ:CETX remained flat at $3.02 during trading hours on Friday. The company had a trading volume of 46,305 shares, compared to its average volume of 414,393. The company has a market cap of $3.36 million, a price-to-earnings ratio of -0.01 and a beta of 2.11. The company has a current ratio of 1.57, a quick ratio of 1.29 and a debt-to-equity ratio of 0.25. The company has a 50 day moving average of $3.21 and a two-hundred day moving average of $7.89. Cemtrex has a 12 month low of $2.38 and a 12 month high of $217.50.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. Jane Street Group LLC bought a new position in shares of Cemtrex during the 4th quarter valued at about $186,000. Engineers Gate Manager LP purchased a new stake in shares of Cemtrex during the 4th quarter valued at about $115,000. Finally, Millennium Management LLC purchased a new stake in Cemtrex during the fourth quarter valued at $70,000. Institutional investors own 1.97% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on CETX. Weiss Ratings restated a “sell (e+)” rating on shares of Cemtrex in a report on Wednesday. Wall Street Zen upgraded shares of Cemtrex from a “sell” rating to a “hold” rating in a research note on Sunday, June 14th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company has an average rating of “Sell”.

Cemtrex Company Profile

Cemtrex, Inc is an industrial technology company that develops and manufactures advanced electronics, automation systems and digital transformation solutions for a broad range of markets. Headquartered in New York, the company focuses on integrating hardware, software and connectivity to streamline industrial processes and enhance operational efficiency. Its core competencies include precision electronics assembly, automated manufacturing platforms and custom-engineered equipment for clients in transportation, energy and critical infrastructure sectors.

Through its Industrial Technologies segment, Cemtrex provides turn-key electronics manufacturing services, precision machining and robotic process automation.