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

StockNews.com started coverage on shares of Cemtrex (NASDAQ:CETX) in a research note published on Thursday. The firm issued a hold rating on the industrial products company’s stock.

Cemtrex Stock Performance

NASDAQ CETX opened at $2.56 on Thursday. The stock has a market capitalization of $27.27 million, a price-to-earnings ratio of 4.74 and a beta of 1.84. The business’s 50 day moving average is $0.20 and its two-hundred day moving average is $0.93. Cemtrex has a 12-month low of $2.24 and a 12-month high of $389.40. The company has a current ratio of 1.89, a quick ratio of 1.35 and a debt-to-equity ratio of 48.20.

Cemtrex (NASDAQ:CETX) last released its quarterly earnings data on Wednesday, August 14th. The industrial products company reported ($0.18) earnings per share (EPS) for the quarter. The business had revenue of $14.69 million during the quarter. Cemtrex had a negative return on equity of 183.95% and a negative net margin of 19.64%.

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.