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

Analysts at StockNews.com assumed coverage on shares of Cemtrex (NASDAQ:CETX) in a research report issued to clients and investors on Tuesday. The firm set a “sell” rating on the industrial products company’s stock.

Cemtrex Price Performance

Cemtrex stock opened at $0.19 on Tuesday. The stock’s 50 day simple moving average is $0.35 and its two-hundred day simple moving average is $0.30. The company has a quick ratio of 1.35, a current ratio of 1.89 and a debt-to-equity ratio of 48.20. Cemtrex has a fifty-two week low of $0.18 and a fifty-two week high of $389.40.

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

Cemtrex Company Profile

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.