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

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

Cemtrex Stock Down 4.0 %

NASDAQ CETX opened at $0.21 on Friday. The company has a quick ratio of 1.16, a current ratio of 1.57 and a debt-to-equity ratio of 4.18. The stock’s 50 day moving average is $0.30 and its two-hundred day moving average is $2.51. Cemtrex has a 1-year low of $0.20 and a 1-year high of $8.90.

Cemtrex (NASDAQ:CETX) last released its quarterly earnings data on Tuesday, May 14th. The industrial products company reported ($1.46) earnings per share for the quarter. The company had revenue of $17.16 million for the quarter. Cemtrex had a negative net margin of 7.64% and a negative return on equity of 74.68%. During the same quarter last year, the firm earned ($0.75) earnings per share.

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.