Cemtrex (NASDAQ:CETX) Coverage Initiated at StockNews.com

StockNews.com assumed coverage on shares of Cemtrex (NASDAQ:CETX) in a research note issued to investors on Saturday morning. The brokerage issued a hold rating on the industrial products company’s stock.

Cemtrex Stock Down 7.8 %

Shares of CETX traded down $0.02 during trading hours on Friday, hitting $0.28. 3,246,058 shares of the stock traded hands, compared to its average volume of 1,146,867. The business has a fifty day moving average of $3.27 and a 200-day moving average of $4.15. Cemtrex has a 1-year low of $0.25 and a 1-year high of $11.45. The company has a current ratio of 0.92, a quick ratio of 0.64 and a debt-to-equity ratio of 0.92.

Cemtrex (NASDAQ:CETX) last issued its quarterly earnings results on Monday, February 12th. The industrial products company reported ($1.15) EPS for the quarter, missing the consensus estimate of ($0.86) by ($0.29). Cemtrex had a negative return on equity of 56.88% and a negative net margin of 6.41%. The business had revenue of $16.88 million for the quarter, compared to analyst estimates of $15.79 million. During the same quarter in the prior year, the firm earned ($3.99) EPS.

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.