Cemtrex (NASDAQ:CETX) Receiving Somewhat Favorable Media Coverage, Report Finds

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Media stories about Cemtrex (NASDAQ:CETX) have been trending somewhat positive this week, Accern Sentiment reports. The research group scores the sentiment of news coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Cemtrex earned a daily sentiment score of 0.12 on Accern’s scale. Accern also assigned press coverage about the industrial products company an impact score of 46.1716529260082 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near term.

Here are some of the media headlines that may have impacted Accern Sentiment’s analysis:

Separately, TheStreet cut shares of Cemtrex from a “c” rating to a “d” rating in a report on Wednesday.

NASDAQ CETX traded down $0.06 during mid-day trading on Friday, reaching $1.54. 62,729 shares of the stock were exchanged, compared to its average volume of 78,734. Cemtrex has a 1-year low of $1.30 and a 1-year high of $3.57. The firm has a market cap of $18.83 million, a P/E ratio of 2.81 and a beta of -0.49. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.67 and a current ratio of 2.40.

Cemtrex (NASDAQ:CETX) last announced its earnings results on Tuesday, August 14th. The industrial products company reported ($0.30) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.15) by ($0.15). Cemtrex had a negative return on equity of 0.09% and a negative net margin of 0.04%. The firm had revenue of $19.16 million for the quarter, compared to analyst estimates of $20.85 million. equities analysts predict that Cemtrex will post -0.19 EPS for the current year.

About Cemtrex

Cemtrex, Inc provides electronic manufacturing services of electric system assemblies, broad-based industrial services, and industrial air filtration and environmental control equipment and systems worldwide. The company operates in two segments, Electronics Manufacturing Services (EMS) and Industrial Products and Services (IPS).

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