Cemtrex Stock Set to Reverse Split on Tuesday, November 26th (NASDAQ:CETX)

Cemtrex, Inc. (NASDAQ:CETX) shares are set to reverse split on the morning of Tuesday, November 26th. The 1-35 reverse split was announced on Thursday, November 21st. The number of shares owned by shareholders will be adjusted after the market closes on Monday, November 25th.

Cemtrex Stock Down 41.6 %

CETX opened at $0.11 on Friday. Cemtrex has a fifty-two week low of $0.11 and a fifty-two week high of $389.40. The company’s 50-day moving average is $0.36 and its 200 day moving average is $0.28. The company has a debt-to-equity ratio of 48.20, a current ratio of 1.89 and a quick ratio of 1.35.

Analyst Upgrades and Downgrades

Separately, StockNews.com started coverage on shares of Cemtrex in a research report on Wednesday. They set a “sell” rating on the stock.

About Cemtrex

Cemtrex, Inc operates as a technology company in the United States and internationally. It operates through Security, Industrial Services, and Cemtrex Corporate segments. The company offers browser-based video monitoring and analytics-based recognition systems, cameras, servers, and access control systems for security and surveillance in industrial and commercial facilities, federal prisons, hospitals, universities, schools, and federal and state government offices; and provides critical security and video surveillance solutions utilizing artificial intelligence based data algorithms.